Property Listing No Longer Available for Sale

879 Hurst Street, Center, TX

Retail for Sale - $630,000 - 6,521 Sq. Ft. on 0.74 acres


Property Info

CIMLS#1055406
Location
  879 Hurst Street
  Center TX 75935
UpdatedAugust 17th, 2019
TypeRetail
Price$630,000
Building6,521 Sq. Ft.
Land0.74 acres

Property Description

Rare Absolute NNN Ground Lease to O'Reilly Auto Parts corporate guarantee. No Landlord Expenses. Over 10 years remaining on an initial 20-year lease with 4-5year options at the end of the initial term with 10% bumps at each 5 yr. option period. Center is a stable East Texas town with basic industry in timber, poultry, food products, natural gas (Haynesville Shale) and metal manufacturers. The O'Reilly is located along the growth corridor in Center which has seen in the last 20 years a new convention center, several new hotels, shopping, restaurants and new high school only minutes away. The building, constructed by O'Reilly, is a masonry and steel utilitarian structure with a concrete parking lot that will remain suitable for many other similar retail uses upon the termination of the current lease. For further information please contact the listing contact who is a licensed real estate broker and a principal with Greenway Enterprises, Inc., the Seller, and owner, of the property.


Financials

O'Reilly Automotive, Inc. is traded NASDAQ:ORLY

Total sales, 2018 of $1.32B;

Total Assets: 7.92B;

Share Holder Equity: $1.96B

For lease info see Investment flier attached.



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