LIST PRICE:
$5,980,000

NOI (YEAR 1):
$256,320

NOI (2024-2029):
$281,952

TOTAL BUILDING AREA:
±8,900 SF

TOTAL LAND AREA:
±34,412 SF
 
FEATURED LISTING:
O'REILLY AUTO PARTS
1220 E. Vista Way, Vista, CA
INVESTMENT HIGHLIGHTS
 
• Publicly Traded, Investment Grade Retailer – Founded in 1957, O’Reilly Automotive, Inc. (NASDAQ: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories with 5,512 stores in 47 U.S. states and 21 stores in Mexico - estimated market cap of over $29 billion, revenues exceeding $10 billion, and a S&P credit rating of BBB
 
• Stable “Essential Service” Use – Brick and mortar retailers like O’Reilly Auto Parts have proven themselves as “essential service” providers to consumers in a variety of economic conditions – this Vista O’Reilly store has remained open and continues to pay full rent during the COVID-19 situation
 
• Recent 15-Year Lease Renewal – Proving the ongoing viability of this store which has operated since 1995 (over 25 years!), O’Reilly recently renewed its lease for a 15-year initial term with two, 5-year option periods and 10% rental increases every 5 years including options
 
• Corner Pad Building, Low Rent/Intrinsic Value – Situated at the signalized intersection of E. Vista Way and E. Bobier Drive, this pad building is the best-located portion of Vista Terrace Marketplace – O’Reilly’s rent is approximately $1.00 PSF/MO below the adjacent pads within the center, enhancing tenant security and an upside opportunity in the future
 
• Significant Renovations – O’Reilly and the larger Sprouts anchored Vista Terrace Marketplace have and continue to be significantly renovated, limiting deferred maintenance or near-term capital requirements that can drain investor cash flow
 
• Three Grocer, Signalized Intersection Location – The viability of this retail location is proven by Sprouts Farmers Market, Albertsons, and Northgate Market all residing at this intersection along with Dunkin Donuts, Jersey Mike’s, Verizon, AT&T, Rite Aid, Dollar Tree, Starbucks, Bank of America, and many more
 
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST
JOHN READ
+1 949 725 8606
Lic. 01359444
john.read@cbre.com 		TRENT STEEVES
+1 949 725 8563
Lic. 01950466 trent.steeves@cbre.com

 
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