728 Parkway Dr Salyersville, KY 41465

This exceptional investment opportunity presents a fee-simple ownership of a 7,225-square-foot O'Reilly Auto Parts store in Salyersville, Kentucky. Built in 2021, the property boasts a prime location at the hard corner intersection of Ward Road and Parkway Drive, a primary retail and commuter thoroughfare. The 15-year net lease, commencing April 30, 2021, and expiring April 30, 2036, has a remaining term of 11.5 years, with four (five-year) renewal options. O'Reilly Auto Parts, an investment-grade tenant (S&P: BBB), provides a corporate-guaranteed lease with a 6% rental increase in year 11 and at the beginning of each option period. The property features a 5.00% cap rate and a net operating income (NOI) of $105,904, with an asking price of $2,118,080 ($293.16/sq ft). Landlord responsibilities are limited to roof, structure, and parking lot; tenant covers CAM, taxes, and insurance. The 0.994-acre lot is situated directly in front of Logan Corporation, a diversified manufacturer, ensuring high visibility and accessibility. The strong local demographics, with over 15,700 residents and 2,500 employees within a 10-mile radius, further enhance the investment potential. This is an ideal, low-management investment for passive investors seeking a stable, high-return property with a credit-rated tenant. The property is suitable for a 1031 exchange.