O’Reilly Auto Parts
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Douglas Passon

Managing Partner

Robert Bender

Managing Partner

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PROPERTY ADDRESS

875 W. Ann Arbor Rd., Plymouth, MI 48170

PROPERTY INFORMATION

Price:
$2,159,000
Cap Rate:
5.70%
Term Remaining:
15 Years
Year Built:
2017
Status:
Available

INVESTMENT HIGHLIGHTS

  • Brand New 6,864 SF O’Reilly Auto Parts Store
  • 15 Year NN Lease| Minimum Landlord Responsibilities
  • Four, Five Year Options | 6% Increases Every 5 Years Including Options
  • 31 Surface Parking Spaces

INVESTMENT SUMMARY

Fortis Net Lease is proud to present a brand new O’Reilly Auto Parts store at 875 W Ann Arbor Road in Plymouth, MI. The 15 year NN lease will commence on December 1, 2017 when the store opens for business. The lease has four, five year options with 6 percent rent increases every five years.

The subject property is situated in a large retail area and is surrounded by many national tenants including: Walmart, Target, Sam’s Club, Best Buy, Lowe’s, Home Depot, LA Fitness, IKEA, Dollar Tree and Meijer. The subject property is south of historic downtown Plymouth and north of Ford Road in Canton. It is located in a densely populated area with over 191,600 residents within five miles. The average household income within five miles is $98,000 and the median home value within one mile exceeds $222,000.