O’Reilly Auto Parts – Kenton

Property Type: | Property Status: Sold

OReilly Auto Parts

Property Details

Price: $1,800,000

CAP Rate:

Square Feet:

Tenancy Type: National

Lease Type: NNN

Location Info

Address: 1000 E. Columbus Street

City: Kenton

State: OH

Zip: 43326

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the single-tenant, newer O’Reilly Auto Parts location in Kenton, Ohio. O’Reilly’s lease commenced 1/2/2019 on a 20 year NNN structure with a mid-term rental increase and also offers rental increases in each option period.

Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private preferred developer based in the Midwest Region with whom Dan has sold for on multiple occasions. Also, the public REIT buyer for the property was found prior to marketing the asset for sale directly by the Cooper Group, and the asset was purchased for $1,800,000, representing a 5.59% CAP Rate and approximately 93% of the list price. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit online at www.CooperGrp.com for the most up-to-date listings and information, stay connected, “Like” them on Facebook and follow on Twitter @TheCooperGrp.