Cap Rate: 5.25%
Net Operating Income: $103,696
Year Built: 2021
This is the opportunity to purchase an O’Reilly Auto Parts in Greenfield, OH subject to a brand new 15 year net lease. The asset is currently under construction. The lease calls for minimal landlord obligations and includes four, 5 year options to renew. The asset is well located near national retailers, like Dollar General, and near several local retailers.
Greenfield is a large village in Highland and Ross counties, Ohio, United States. As of the 2010 census, the population was 4,639. Since the population declined to under 5,000, the Census Bureau may still call it a city, but by Ohio’s laws it is technically deemed a village.