OReillyAutoParts_AttleboroMA

August 10, 2018 – Bob Horvath, Todd Tremblay and Peter Butler of Horvath & Tremblay have successfully completed the sale of O’Reilly Auto Parts in Attleboro, Massachusetts. Horvath & Tremblay represented the seller to close the transaction at a sale price of $2,690,000, a 5.35% cap rate.

O’Reilly Auto Parts fully occupies a newly constructed 7,225-square foot property situated on a .78-acre lot along Pleasant Street (Route 123) in Attleboro, MA. O’Reilly Auto Parts operates under a new 20-year lease that commenced in January 2018 that includes five, 5-year renewal options. The corporate guaranteed lease calls for 6.0% rent bumps every five years, starting in lease year 11 and at the start of each renewal term.

The property is located along heavily traveled Route 123, adjacent to downtown Attleboro, among a mix of residential and commercial properties. Approximately 15,000 vehicles pass the Property on a daily basis. Additional retailers drawing consumers to the area included Stop & Shop, Walgreens, CVS, AutoZone, Dollar Tree, Dunkin’ Donuts, Honey Dew Donuts, Subway, Papa Gino’s, KFC and McDonald’s.

Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.