1275 Main St, Vidor, TX 77662-3740

Property Details for 1275 Main St

Year built

1965

Lot size

0.81 lot acres

Property type

Commercial real estate

APN

003104-000210

APU

3104000210

Description

This exceptional investment opportunity presents a fee-simple, absolute NNN-leased O'Reilly Auto Parts store in Vidor, Texas. Located at 1275 N Main St, Vidor, TX 77662, this 8,005 square foot property sits on a 0.83-acre lot and boasts a strong 100% occupancy rate. The current lease, commencing July 1, 2007, and expiring June 30, 2034, provides a remaining term of approximately 9.6 years with two, five-year lease options. The tenant, O'Reilly Auto Parts, is a credit-rated national brand with a proven track record. The property generates a substantial net operating income (NOI) of $60,728, resulting in a compelling 5.50% cap rate. The asking price is $1,104,000, translating to $137.91 per square foot. This property offers significant tax advantages due to its fee-simple ownership, unlike many comparable properties which are ground leases. The strategic location across from an expanded Walmart Supercenter further enhances the property's value and long-term potential. This is a rare opportunity to acquire a passively managed, high-performing retail investment with a strong tenant and substantial remaining lease term. Rent bumps are detailed in the rent roll. The property is a single-unit freestanding auto parts store. All taxes, insurance, and maintenance responsibilities are the tenant's responsibility under the absolute NNN lease structure.

Location Insight

City

Vidor

County

Orange

State

Texas

Longitude

-94.0162

Latitude

30.1416

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments