McKinney, TX, TX (June 6, 2016) –
A 7,457 square foot O’Reilly Auto Parts property in McKinney has sold for an undisclosed amount.
CLOSING HIGHLIGHTS
- New Development 20-Year NN Lease
- Sourced Off Market to Private 1031 Buyer
- Rare Brick Construction
- Below Market Rent in a Top Retail Market
The buyer was represented by Brad Motley of KW Net Lease Advisors, a Texas based investment real estate brokerage & advisory firm.
O’Reilly Automotive, Inc.(NASDAQ: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers. Founded in 1957 by the O’Reilly family, the Company operated 4,888 stores in 47 states as of March 31, 2017.
O’Reilly’s initial public stock offering in April 1993 was well received by investors as a welcome addition to publicly traded companies in the automotive aftermarket industry. This success has continued to date.
https://oreillyauto.comSee more about O’Reilly Auto Parts including average trading prices, lease details and cap rates.
