o'reilly auto parts, adjoining parcel for development · o'reilly's auto parts 1315...
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P R E S E N T E D B YBruce HaulleyAssociatePalm Springs OfficeTel: (909) 456-3400Fax: (909) 456-3410bruce.haulley@marcusmillichap.comLicense: CA 01239289
Market Positioning and Pricing Analysis
O'REILLY AUTO PARTS, ADJOINING PARCELFOR DEVELOPMENT
1315 W Hobsonway • Blythe, CA 92225
O'REILLY AUTO PARTS,ADJOINING PARCEL FORDEVELOPMENTBlythe, CAACT ID Z0080499
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of anycorporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates orsubsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information aboutthis listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information hasbeen secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. Referencesto square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
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1315 W Hobsonway, Blythe, CA 92225PRICING AND VALUATION MATRIX
NOTES
PROPERTY NAMEO'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
PRICING AND VALUATION MATRIX
PROPERTY NAMEO'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
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PRICING AND VALUATION MATRIXPRICING AND VALUATION MATRIX
PROPERTY NAMEO'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
PRICING AND VALUATION MATRIX
PROPERTY NAMEO'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
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PRICING AND VALUATION MATRIX
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PROPERTY SUMMARY
OFFERING SUMMARY
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NOTES
O'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
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OFFERING SUMMARY
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TENANT PROFILES
O'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
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O'Reilly's Auto Parts
General Information
Tenant Name O'Reilly's Auto Parts
Rentable Square Feet 6,000 SF
Percentage of RBA 100.00%
Lease Commencement 7/1/2003
Lease Expiration 6/30/2025
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CLOSE PROXIMITY TO:
1315 W Hobsonway, Blythe, CA 92225
§ Street frontage on main thoroughfare§ Leading auto parts retailer§ NNN lease§ Tenant just extended lease to July 2025§ Corporate guaranteed lease
Single tenant, free-standing O'Reilly's Auto Partsbuilt in 2003, with developable pad adjacent, onhard corner, zoned commercial. Excellentcurrent income and financial return, plus theopportunity to bring new users.
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEO'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
PRICING AND VALUATION MATRIX
PROPERTY NAMEO'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
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LOCATION OVERVIEW
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1315 W Hobsonway, Blythe, CA 92225
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEO'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
PRICING AND VALUATION MATRIX
PROPERTY NAMEO'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
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REGIONAL AND LOCAL MAP
Marcus & Millichap closes
more transactions than any other
brokerage firm.
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O'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
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PROPERTY PHOTO
SITE PLAN
O'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
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O'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
COMPARABLES MAP
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O'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
(SUBJECT)
O'Reilly's Auto Parts
O'Reilly's Auto Parts
ON MARKET COMPARABLES
1
2
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PROPERTY NAMEO'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
SALES COMPARABLES
Avg. 4.99%
0.0
0.7
1.4
2.1
2.8
3.5
4.2
4.9
5.6
6.3
7.0
O'Reilly'sAuto Parts
O'Reilly'sAuto Parts
O'Reilly'sAuto Parts-2
Average Cap Rate
Avg. $283.96
$0.00
$40.00
$80.00
$120.00
$160.00
$200.00
$240.00
$280.00
$320.00
$360.00
$400.00
O'Reilly'sAuto Parts
O'Reilly'sAuto Parts
O'Reilly'sAuto Parts-2
Average Price Per Square Foot
ON MARKET COMPARABLES ON MARKET COMPS AVG
PROPERTY NAME
MARKETING TEAM
O'REILLY AUTO PARTS, ADJOINING PARCEL FORDEVELOPMENT
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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ON MARKET COMPARABLES
SUBJECT PROPERTY
Asking Price $1,221,231
Price/SF $203.54
CAP Rate 6.49%
GLA 6,000 SF
Lot Size 2.55 acre(s)
Year Built 2003
Lease Term Remaining 6.7 Years
O'REILLY'S AUTO PARTS1315 W Hobsonway, Blythe, CA, 92225
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NOTESSimilar property at a much higher asking price -- street frontage, similarcommunities, free standing buildings.
On Market
Days On Market 80
List Price $5,000,000
Price/SF $320.51
CAP Rate 4.47%
GLA 15,600 SF
Lot Size 1.53 acre(s)
Year Built 1975
Lease Term Remaining 9 Years
O'REILLY'S AUTO PARTS840 W Mission Ave, Escondido, CA, 92025
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NOTESSimilar communities.
On Market
Days On Market 500
List Price $2,181,163
Price/SF $247.41
CAP Rate 5.50%
GLA 8,816 SF
Lot Size .64 acre(s)
Year Built 1987
O'REILLY'S AUTO PARTS1111 S 4th St, El Centro, CA, 92243
www.MarcusMillichap.com
Bruce Haulley
AssociatePalm Springs OfficeTel: (909) 456-3400Fax: (909) 456-3410bruce.haulley@marcusmillichap.comLicense: CA 01239289
P R E S E N T E D B Y
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