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Views: 145 DOM: 402 Updated: 11.07.24 Posted: 10.09.23 Status: Active

Summary

Price $1,700,000
Built/Renov 2016
Tenant O'Reilly Auto Parts
Cap Rate 5.99%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 7,000
Lease Start 12-31-2016
#Units 6,095
Price/SF $242.86
Expiration 12-31-2036
Tenant Type Automotive
NOI $101,905
R. Term 12.1
Ownership Fee Simple
Rent/SF $14.56
Increases 6.0%/4/yrs
Pop 5Mi 151,472
Lot/AC 0.66
Options 3/5yrs/6%
AHHI 5Mi $69,827

Lease Highlights

  • Tenant has 12 years remaining on their primary term with 3 (5-year) options to extend
  • Lease features 6% rental increases starting January 2027 and in each option period
  • Corporate guaranteed lease (NASDAQ: ORLY)
  • O’Reilly Auto Parts is an investment grade credit tenant (S&P: BBB)

Location Description

O'Reilly Auto Parts is strategically positioned at the signalized corner intersection of Peach Street and Miller Avenue, which has a combined daily traffic count of 23,899 vehicles. The surrounding area boasts a variety of national retailers including McDonald’s, Perkins, Taco Bell, Burger King, Walgreens, Citizens Bank and many more. The subject property also sits just 1.5 miles from the...

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Maps

  • 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 : 12,728 94,097 149,315
2023 Total Population : 12,980 94,995 151,110
2023 Employed Civilian Pop : 6,418 45,042 71,973
2023 Total Businesses : 428 4,106 5,984
2023 Average Household Income : $ 80,906 $ 69,288 $ 73,581
2023 Total Consumer Spending : $ 390 M $ 2476 M $ 4120 M
2023 Median Age : 45 38 39
2023 Total Households : 5,563 40,879 64,185
2023 Pop Age 25+: Bachelor's Degree : 2,642 13,299 21,147
2023 Average Home Value : $ 171,366 $ 184,226 $ 190,339
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Miller Ave Harding Ave 2017 2,509 0.06 mi
Peach St Hillcrest Ave 2016 21,390 0.23 mi
Elmwood Avenue W 33rd St 2022 2,371 0.27 mi
Peach Street Hillcrest Ave 2020 9,375 0.29 mi
Peach Street W 29th St 2021 20,823 0.29 mi
W Gore Rd Hillsdale Ave 2017 4,560 0.39 mi
W Gore Rd Hillcrest Ave 2017 4,560 0.45 mi
Washington Ave W 42nd St 2017 2,080 0.46 mi
Elmwood Ave W 37th St 2017 2,509 0.51 mi
W 38th St Plum St 2017 14,805 0.52 mi

Listing Broker

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