641 E. Hondo Ave.

Devine, TX 78016 | 1.0 Acres / 7,225 SF

$1,796,000.00

Investment Property For Sale


O'Reilly Auto Parts | 16 Years of Lease Term Remaining

Array

Investment Property For Sale

Price $1,796,000.00
Size 1.0 Acres / 7,225 SF

Benefits

O’Reilly Auto Parts
641 E. Hondo Ave.
Devine, TX (San Antonio MSA)

 

Offering Summary

Purchase Price: $1,796,000
Net Operating Income: $98,799
Cap Rate: 5.50%
Lease Type: NN

 

Investment Highlights

  • Single-Tenant Net-Lease O’Reilly Auto Parts
  • About 16 years of lease term remaining through April 17, 2036
  • Newer construction
    – About 4 years old
    – Built to O’Reilly’s specifications (built-to-suit)
    – Concrete parking lot (tenant responsible for repairs and maintenance)
  • BBB+ Investment Grade Credit Rating
  • Building Size: ±7,225 SF
  • Land Size: ±1.0 acres
  • Strong real estate fundamentals
    – Located on E. Hondo Ave., the main thoroughfare in Devine
    – Nearby tenants include Walmart Supercenter, Murphy USA, McDonald’s, and Sonic among many others
    – Located less than one-half mile from Interstate 35
  • Growth Market
    – Devine is part of the San Antonio MSA
    – San Antonio is one of the fastest growing cities in the United States

Location

More Information

Required Information for OM

* Denotes a required field
  • Thank you for your interest. Someone from our team will be in touch within 24 hours.
Someone will be in touch within 24 hours.