December 9, 2020 – Chris King of Horvath & Tremblay has successfully completed the sale of an O’Reilly Auto Parts Center in College Park, Georgia. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,450,000.
The O’Reilly Auto Parts Center is located at 5549 Old National Highway in College Park, Georgia. The two-tenant property includes a 9,392 square foot building that is 100% leased to O’Reilly Auto Parts and The Tire Store, and also features a Billboard on a 0.87-acre lot. O’Reilly Auto Parts has been operating at the Property for 12 years and has eight years remaining on their Triple Net Lease with three, 5-Year Renewal Options. O’Reilly’s lease has a corporate guaranty and scheduled rent increases with minimal Landlord responsibilities. The Property is located along Old National Highway (State Road 279) at the signalized intersection with Jerome Road. The property has two points of entry and egress and benefits from excellent frontage and visibility. Old National Highway is the area’s primary commercial road with traffic counts in excess of 35,000 vehicles per day and is lined with national tenants. The property is approximately 1.2 miles from the heavily travelled interchange with Interstates 85 and 285, and approximately 3-miles from Atlanta’s Hartsfield-Jackson International Airport, the busiest airport in the world with more than 98 million passengers annually.
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.