O'Reilly Auto Parts | Fairbanks, AK
3540 Airport Way | Fairbanks, Alaska | 99709
- Year Built: 1999
- Type: Retail
- Cap Rate: 5.7%
- Bldg Size: 8,072 Sq Ft.
- Lot Size: 36,278 Sq Ft.
The subject is a well located absolute triple net O’Reilly Auto Parts with a landlord friendly corporate CSK lease. The property is on the area’s major commercial corridor and less than two miles from the University of Alaska, Fairbanks and the Fairbanks International Airport. It is across the street from a Safeway shopping center and adjacent uses include, Fred Meyer, Taco Bell, Carls Jr, and Mt McKinley Bank. The tenant has been operating at this location since 1999 and recently extended its lease until 2033. O’Reilly enjoys a very low rent compared to its strong sales and the rent per square foot is low compared to similar properties.