o'reilly auto parts, adjoining parcel for development · o'reilly's auto parts 1315...

P R E S E N T E D B YBruce HaulleyAssociatePalm Springs OfficeTel: (909) 456-3400Fax: (909) [email protected]: 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


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PRICING AND VALUATION MATRIXPRICING 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


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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




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LOCATION OVERVIEW

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1315 W Hobsonway, Blythe, CA 92225

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX




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REGIONAL AND LOCAL MAP

Marcus & Millichap closes

more transactions than any other

brokerage firm.

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PROPERTY PHOTO

SITE PLAN


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COMPARABLES MAP

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(SUBJECT)



ON MARKET COMPARABLES

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2

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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-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-2

Average Price Per Square Foot

ON MARKET COMPARABLES ON MARKET COMPS AVG

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1


rentpropertyname1


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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) [email protected]: CA 01239289

P R E S E N T E D B Y

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o'reilly auto parts, adjoining parcel for development · o'reilly's auto parts 1315...

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