O'Reilly Auto Parts

Daphne, Alabama, is a vibrant and rapidly growing city located on the eastern shore of Mobile Bay in Baldwin County. Often described as part of the “Eastern Shore” metropolitan area, Daphne offers a picturesque setting with waterfront parks, scenic views, and easy access to coastal recreation. Its strategic location near Mobile, coupled with a strong economy and good schools, has made it an attractive destination for families, retirees, and professionals seeking a balance of small-town charm and convenient urban access. The city’s community-oriented atmosphere is supported by a thriving downtown area, a variety of local businesses, and numerous festivals and events that bring residents together throughout the year. Economic development in Daphne has been bolstered by a mix of retail, healthcare, and service industries, along with growth in housing and infrastructure to accommodate its expanding population. Outdoor amenities such as the Eastern Shore Trail, Jubilee Park, and the bayfront Springhill Avenue offer residents and visitors opportunities for walking, biking, boating, and enjoying the natural beauty of the region. With its combination of scenic landscapes, strong civic identity, and continued investment in quality of life, Daphne continues to evolve as one of the notable communities along Alabama’s Gulf Coast.Fortis Net Lease is pleased to present the opportunity to acquire a single-tenant net lease investment occupied by O'Reilly Auto Parts, located at 1808 US-98 in Daphne, Alabama. The property consists of a ±6,800-square-foot retail building situated on a 0.56-acre parcel along a well-trafficked retail corridor. The asset is offered at an asking price of $1,511,000, representing an attractive 6.75% cap rate and generating a stable net operating income of $102,000. This investment provides investors with a strong national tenant in a growing Gulf Coast market. The lease is structured as a triple net (NNN) lease with approximately 20 years remaining on the primary term, offering a passive, management-free investment. The lease includes three (5-year) renewal options, providing long-term income security, along with favorable rent escalations of 8.0% every five years throughout the initial term and option periods. Backed by a well-established and creditworthy tenant, this offering presents an ideal opportunity for investors seeking predictable cash flow, inflation protection, and long-term stability.