433 Wolf Creek StBrookville, OH 45309

For Sale
$1,690,000

Net-leased auto parts store, strong tenant.

Overview

Added:
Jan 24
Days on market:
47
This exceptional investment opportunity presents a 7,225 square foot, single-tenant retail property located at 433 N Wolf Creek St, Brookville, OH 45309. The property, built in 2023, sits on a 0.88-acre lot and is currently 100% occupied by O'Reilly Auto Parts under a net lease agreement. The lease commenced February 19, 2023, and has a remaining term of approximately 13.1 years, extending to February 26, 2038, with four 5-year renewal options. Rent increases are built into the lease, with a 5.825% increase 5 years after year 10 and a 6% increase every 5 years during option periods. The property boasts a strong 6.25% cap rate and a net operating income (NOI) of $105,608. The tenant, O'Reilly Auto Parts, provides a corporate guaranty, mitigating risk. This strategically located property benefits from its proximity to Interstate-70 and is surrounded by other major retailers, including IGA Grocery, Rite Aid, Dollar Tree, Subway, Pizza Hut, Advanced Auto Parts, Holiday Inn Suites, and Waffle House. The property is part of the Dayton MSA, a vibrant region with a population exceeding 800,000. The new, built-to-suit construction further enhances the investment's appeal and the likelihood of long-term occupancy. The property's APN is C05-00112-0036. This is a rare opportunity to acquire a high-performing, net-leased retail asset with significant upside potential.

Highlights

  • Net lease investment opportunity with a 6.25% cap rate and $105,608 annual NOI.
  • 13.1 years remaining on a 15-year lease with O'Reilly Auto Parts, a Fortune 500 company, in a new, built-to-suit 7,225 SF building.
  • Located in Brookville, OH, within the Dayton MSA (800,000+ population), surrounded by strong retailers.
  • Corporate guaranty by O'Reilly Auto Parts; lease includes rent bumps at year 10 and every 5 years during option periods.
  • 0.88-acre lot; property features four 5-year lease options.

Property Details for 433 Wolf Creek St

Property type
Other retail properties, Automotive properties
Square Feet
7,225 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
38,333 SF

Location Insight

City
Brookville
County
Montgomery
State
Ohio
Latitude
39.8393964
Longitude
-84.4222562
433 Wolf Creek St, Brookville, Ohio
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433 Wolf Creek St
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