10308 Airline DrHouston, TX 77037

For Sale
$2,120,000

High-Yield O'Reilly Auto Parts Property

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 7,200 square foot O'Reilly Auto Parts retail building situated on a 0.85-acre lot in Houston, Texas. Built in 2009, the property boasts a strong 100% occupancy rate with a Net Net lease in place. The asking price is $2,120,000, translating to a price per square foot of $294.44 and a compelling 5.85% cap rate, based on a current Net Operating Income (NOI) of $124,005. The lease features a significant remaining term of over seven years, providing long-term stability and predictable cash flow. The property enjoys excellent visibility and accessibility, with direct frontage on Airline Drive, experiencing over 20,000 vehicles per day. Its strategic location within a densely populated area, boasting over 300,000 residents within a 5-mile radius and 1.1 million within 10 miles, ensures consistent customer traffic. Furthermore, its proximity to Interstate 45 and other major retailers such as Aldi, Chick-fil-A, McDonald's, Academy, and Walmart, enhances its appeal and market position. This investment-grade tenant, rated BBB by Standard & Poor, offers a rare combination of strong performance, secure lease terms, and a prime location, making it an ideal addition to any portfolio. The property address is 10308 Airline Dr, Houston, TX 77037.

Highlights

  • 7,200 SF O'Reilly Auto Parts building on a 0.85-acre lot in Houston, TX.
  • Investment-grade tenant (S&P BBB rating) with a net-net lease.
  • Over 7 years remaining on the initial 20-year lease term.
  • Excellent visibility and access; Airline Drive frontage with over 20,000 vehicles per day (VPD).
  • Strong demographics: over 300,000 residents within a 5-mile radius and 1.1 million within 10 miles.
  • Close proximity to I-45 and major retailers (Aldi, Chick-fil-A, McDonald's, Academy, Walmart).

Property Details for 10308 Airline Dr

Property type
Other retail properties, Automotive properties
Square Feet
7,200 SF
Year Built
2009
Lot Size (sq. ft)
37,026 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.9054343
Longitude
-95.4010306
10308 Airline Dr, Houston, Texas

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10308 Airline Dr
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