O'Reilly Auto Parts

860 East Division Street, Coal City, IL 60416

$2,110,000

Cap Rate 5.80%

Views: 79 DOM: 153 Updated: 10.21.24 Posted: 06.21.24 Status: Active

Summary

Price $2,110,000	Built/Renov 1940	Tenant O'Reilly Auto Parts
Cap Rate 5.80%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 7,225	Lease Start 07-01-2022	#Units 6,095
Price/SF $292.04	Expiration 06-30-2037	Tenant Type Automotive
NOI $122,448	R. Term 12.7	Ownership Fee Simple
Rent/SF $16.95	Increases 3.0%/6/yrs	Pop 5Mi 19,296
Lot/AC 0.74	Options 4/5yrs/6%	AHHI 5Mi $104,736

Lease Highlights

Advance Auto Parts has 12+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 6% rental increases throughout the initial term and option periods
Corporate guarantee (NASDAQ: ORLY)
Investment grade tenant (S&P: BBB)

Location Description

O'Reilly Auto Parts is strategically located on E Division Street, with access to 12,800 vehicles passing by daily. The property is conveniently situated 2 miles from Interstate 55, which sees 23,100 VPD. Additionally, the immediate area is surrounded by well-known national tenants, including McDonald’s, Dunkin’, Taco Bell, CVS Pharmacy, Ace Hardware, and Dollar General. The 5-mile trade area...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Affluent AHHI $100K 5 Mi
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 Coal City, Illinois Zip Code 60416 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 :	4,517	12,423	19,168
2023 Total Population :	4,529	12,516	19,345
2023 Employed Civilian Pop :	2,094	6,087	9,427
2023 Total Businesses :	179	304	464
2023 Average Household Income :	$ 96,771	$ 98,834	$ 104,758
2023 Total Consumer Spending :	$ 151 M	$ 415 M	$ 696 M
2023 Median Age :	38	38	41
2023 Total Households :	1,817	4,879	7,687
2023 Pop Age 25+: Bachelor's Degree :	452	1,315	2,044
2023 Average Home Value :	$ 215,231	$ 241,856	$ 253,419

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
IL 113		2021	9,750	0.03 mi
E Division St	N 4th Ave	2007	12,800	0.08 mi
East Division Street	Railroad St	2019	10,800	0.12 mi
E Division St	Richards Rd	2009	11,800	0.17 mi
E Division St	N Lincoln St	2009	11,600	0.29 mi
E Division St	N Irving St	2007	11,400	0.40 mi
Main St	Division St	2009	12,100	0.46 mi
E North St	N 3rd Ave	2010	2,250	0.48 mi
IL 113	N Washington St	2021	9,100	0.48 mi
E North St	N 4th Ave	2005	1,500	0.51 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

180 Listings
23579 Views
62 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
21962 Views
58 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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