1616 Tappahannock Blvd Tappahannock, VA 22560-9346

This exceptional investment opportunity presents a 7,225 square foot O'Reilly Auto Parts store in Tappahannock, Virginia. Located at 1616 Tappahannock Blvd, this property boasts a strong 15.2-year remaining lease term (expiring 01/27/2040, commencing 01/28/2020) with a corporate guarantee from the Fortune 500 company, O'Reilly Auto Parts. The Net Lease (NN+) structure minimizes landlord responsibilities, offering a secure, passive income stream. The asking price is $1,993,338, representing a compelling 5.90% cap rate and a price per square foot of $275.89. Built in 2020, the property sits on a 0.92-acre lot and enjoys 100% occupancy, generating a Net Operating Income (NOI) of $117,607. The lease includes built-in rent bumps of 6% at year 11 and year 16, and four 5-year lease options. This prime retail location benefits from high visibility on a busy commercial corridor with over 44,050 vehicles passing daily, and is strategically positioned near major retailers such as Walmart, Lowe's, and Food Lion. The property is suitable for a 1031 exchange. This investment offers a blend of secure income, long-term stability, and significant upside potential in a thriving market. The property is situated in Tappahannock, the oldest town in Essex County, Virginia, offering a unique combination of historical charm and consistent economic activity.