1616 Tappahannock Blvd Tappahannock, VA 22560
$1,993,338
For Sale
Details
- StatusFor Sale
- Price$1,993,338
- Cap Rate5.9%
- TenantsO'Reilly Auto Parts
- Term Remaining16 Years
- Lease TypeNN+
- Property TypeRetail
- Building Size7,225 SF
- Lot Size0.92 Acres
- NOI$117,607
Documents
Property Description
Located at 1616 Tappahannock Blvd, this 7,225 SF O’Reilly Auto Parts store represents a secure investment opportunity. With over 15 years remaining on the lease, minimal landlord responsibilities, and a Fortune 500 tenant, this property offers stability in a growing market. O’Reilly Auto Parts boasts an S&P BBB investment-grade credit rating, ensuring a strong corporate backing. The property sits along Tappahannock Blvd, one of the town’s busiest corridors, seeing over 44,050 vehicles per day. Tappahannock, VA, is an established market, known for its historical roots and anchored by major retailers such as Walmart, Lowe’s, and Food Lion.
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