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350 Cottage St
Pawtucket, RI 02860 The Plains

$2,522,000 USD

Auto Repair For Sale  •  7,225 SF

Property Details

• Property Type Auto Repair
• Total Building Size 7,225 SF
• Year Built 2018
• Cap Rate 5.75 %
• Tenancy Single
• Zoning MO

35 Transit Score

74 Walk Score

Highlights

Single-Tenant O’Reilly Auto Parts with Corporate-Backed Rent: Investment-Grade National Tenant with a Long Operating History and Strong Credit Profile

Modern Construction: Built in 2018 Featuring O’Reilly’s Current Prototype Design

Long-Term Lease with Strong Remaining Term: Original 20-Year Lease with ±13 Years Remaining; Lease Expires on May 31, 2039

Stable In-Place Income with Contractual Growth: Current NOI: $145,000 Annually ($12,083.33/Month); 6.00% Rent Increase Effective June 1, 2029

Multiple Renewal Options with Fixed Escalations: Four (4) 5-Year Renewal Options; Each Option Period Features a 6.00% Rental Increase

Limited Landlord Responsibilities: Landlord Responsible for Roof, Structure, and Parking Lot Only; Passive Ownership Profile with Minimal Management

Cap Rate:

5.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
OAP

Public Transportation

Commuter Rail	Drive	Walk	Distance
South Attleboro (Providence/Stoughton Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	4 min	-	1.5 mi
	3 min	-	1.6 mi
Airport	Drive	Walk	Distance
Rhode Island Tf Green International	26 min	-	14.3 mi