O’Reilly Auto Parts – Pittsburgh
Tenancy Type: National
Lease Type: NNN
Address: 806 West View Park Drive
City: West View
The Cooper Commercial Investment Group is pleased to announce the sale of the brand-new, single-tenant O’Reilly Auto Parts location in the desirable community of West View, a suburb just north of Pittsburgh (5 miles), Pennsylvania. O’Reilly’s lease commenced 1/2/2019 on a 20-year NNN structure with a mid-term rental increase. The lease also offers 6% rental increases in each option period, and O’Reilly handles all on-site maintenance leaving ownership with no daily management responsibilities.
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. Also, the public REIT buyer for the property was found prior to marketing the asset for sale by the Cooper Group and was purchased for $1,850,000, representing a 5.81% CAP Rate and nearly $265/SF. Through marketing efforts, the Cooper Group generated a significant amount of interest in the property. 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 them on line at www.CooperGrp.com for the most up-to-date listings and information, stay connected by, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.