Property Description
Secure Income Stream
• Long-Term Lease with Increases -13 Years Remaining on 15 Year Term with 6% Rent Increase in Year 11
• Investment Grade Credit – Rated ‘BBB’ by S&P, Publicly Traded on NASDAQ (ORLY) with a $58.16 Billion Market Cap
• 2021 Construction with Upgraded Design – Minimal Landlord Responsibilities, 20 Year Manufacturer’s Roof Warranty
• Strong Performing Tenant – O’Reilly Has Reported 30 Consecutive Years of Comparable Store Sales Growth, $14.41 Billion Revenue in 2022, an 8% Increase Over 2021
Proximity
• Densely Populated and Affluent Trade Area – 114,226 Residents with an Average Household Income of $117,875 in a 3 Mile Radius
• Excellent Access and Visibility – 43,000 VPD at Signalized Intersection
• Surrounded by National Tenants – Close Proximity to Publix, Harris Teeter, Aldi, Chick-fil-A, Food Lion, CVS and Others
• Minutes to Clear Creek Business Park – 177-Acre Master Planned Business Park with Access to I-485
• Charlotte MSA – 13 Miles to Downtown Charlotte, the Largest City in North Carolina
• Charlotte is One of the Fastest Growing Cities in U.S. – Home to More than 10 Fortune 1,000 Companies, Including Bank of America, Lowe’s and Duke Energy
