O'Reilly Auto Parts

117 G Street Southeast, Quincy, WA 98848

$2,399,000

Cap Rate 5.50%

Views: 20 DOM: 27 Updated: 04.20.24 Posted: 04.20.24 Status: Active

Summary

Price $2,399,000	Built/Renov 2023	Tenant O'Reilly Auto Parts
Cap Rate 5.50%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 7,125	Lease Start 03-01-2023	#Units 6,095
Price/SF $336.70	Expiration 02-28-2038	Tenant Type Automotive
NOI $131,946	R. Term 13.9	Ownership Fee Simple
Rent/SF $18.52	Increases 6.0%/9/yrs	Pop 5Mi 10,064
Lot/AC 0.64	Options 4/5yrs/6%	AHHI 5Mi $71,754

Lease Highlights

Brand new 2023 construction
O'Reilly Auto Parts has 13+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 6% rental escalations throughout the initial term starting year 6 and each option period
Corporate guarantee | Investment grade tenant

Location Description

O'Reilly Auto Parts is strategically located on State Highway 28, an east/west thoroughfare, with access to 15,200 vehicles passing by daily. The property is situated along Quincy's main retail corridor, in close proximity to well-known national tenants such as McDonald's, AutoZone, Burger King, Ace Hardware, and more. Additionally, it is conveniently located within 1 mile of Quincy Valley...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Highway location
Income tax free state
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

O'Reilly Auto Parts Wikipedia O'Reilly Auto Parts Wikipedia Quincy, Washington Zip Code 98848 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: O'Reilly Auto Parts
Guarantor:Corp T and Rated
Company:O’Reilly Automotive, Inc.
# Units:6,095
Tenant S&P: BBB
Moody’s: Baa1
Stock: NASDAQ: ORLY

About Tenant

O’Reilly Auto Parts is one of the largest specialty retailers of automotive aftermarket parts in the U.S. Their stores provide automotive aftermarket parts, tools, supplies, equipment, and...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,858	9,019	10,058
2023 Total Population :	7,645	8,765	9,794
2023 Employed Civilian Pop :	3,574	4,190	4,779
2023 Total Businesses :	208	248	266
2023 Average Household Income :	$ 92,246	$ 95,222	$ 97,106
2023 Total Consumer Spending :	$ 186 M	$ 224 M	$ 253 M
2023 Median Age :	28	29	30
2023 Total Households :	2,330	2,703	2,991
2023 Pop Age 25+: Bachelor's Degree :	637	774	907
2023 Average Home Value :	$ 311,633	$ 325,252	$ 343,693

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
F St SE	E St SE	2005	12,000	0.09 mi
F Street Southeast	First Ave SE	2021	12,705	0.12 mi
F Street Southeast	E St SE	2019	13,000	0.12 mi
Central Avenue South	H St SW	2021	8,718	0.13 mi
F Street Southwest	1st Ave SW	2021	15,030	0.14 mi
State Route 28;F Street Southwest	7th Ave SW	2019	15,000	0.14 mi
F St SE	4th Ave SE	2005	11,000	0.17 mi
F Street Southwest	7th Ave SW	2021	13,324	0.62 mi
WA 28	7th Ave SW	2021	11,921	0.67 mi
F St SE	8th Ave SE	2017	7,800	0.68 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

162 Listings
6487 Views
73 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

163 Listings
6555 Views
74 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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