October 14, 2020 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of an O’Reilly anchored retail center in Midway, Georgia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $780,000.
The O’Reilly anchored retail center is located at 70 and 150 Butler Avenue in Midway, Georgia. The property features a 19,500 square foot inline retail building on two tax parcels containing 0.93 acres of land. 150 Butler Avenue is a 12,500 square foot building consisting of retail/office space with a net leasable area of approximately 9,570 square feet that is 95% leased to local tenants with a long operating history at the property. 70 Butler Avenue is the adjoining 7,500 square foot building occupied by O’Reilly Auto Parts. O’Reilly’s signed a new 15-year triple net lease in January 2019. The property is located within the main central business district of Midway where most residents come to shop, making it an ideal place for any local business to conduct commerce. The property is positioned just off highway 84 and only 3-miles west of Interstate 95, which serves as a vital distribution corridor for many large corporations. The property is adjacent to an IGA Grocer, Family Dollar, Dollar General and Heritage Bank.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.