O'Reilly Auto Parts

15403 Rankin Avenue, Dunlap, TN 37327

$1,689,934

Cap Rate 6.10%

Views: 137 DOM: 270 Updated: 09.06.24 Posted: 02.18.24 Status: Active

Summary

Price $1,689,934	Built/Renov 2018	Tenant O'Reilly Auto Parts
Cap Rate 6.10%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 8,075	Lease Start 08-21-2018	#Units 6,095
Price/SF $209.28	Expiration 08-20-2033	Tenant Type Automotive
NOI $103,086	R. Term 8.9	Ownership Fee Simple
Rent/SF $12.77	Increases 6.0%/5/yrs	Pop 5Mi 8,955
Lot/AC 1.04	Options 4/5yrs/6%	AHHI 5Mi $59,122

Kaveh Ebrahimi

Helios

Contact

Lease Highlights

O’Reilly Auto Parts has 9+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 6% rental escalations every 5 years throughout the initial term and each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

O'Reilly Auto Parts is strategically located on Rankin Avenue, with access to 15,959 vehicles passing by daily. This location ranks in the 90th Percentile Nationwide and in the State of Tennessee on Placer.ai for annual visits and is the #1 most visited O’Reilly Auto Parts store in a 15-mile radius. The area is surrounded by well-known national tenants, including Walgreens, Fast Lube, Verizon...

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Key Features

Build to suit
Roof guarantee
Dense retail corridor
Near major nationals
Major MSA
Income tax free state
Favorable NN+ 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 Dunlap, Tennessee Zip Code 37327 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 :	2,320	6,535	10,131
2023 Total Population :	2,306	6,394	9,800
2023 Employed Civilian Pop :	806	2,333	3,639
2023 Total Businesses :	202	315	358
2023 Average Household Income :	$ 62,699	$ 60,463	$ 63,688
2023 Total Consumer Spending :	$ 42 M	$ 127 M	$ 211 M
2023 Median Age :	39	40	41
2023 Total Households :	765	2,390	3,773
2023 Pop Age 25+: Bachelor's Degree :	171	460	711
2023 Average Home Value :	$ 208,696	$ 222,501	$ 232,732

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US 127	Main St	2021	13,963	0.42 mi
Rankin Avenue	Main St	2022	15,424	0.42 mi
	Jones Dr	2021	10,022	0.78 mi
	Crestview Dr	2022	10,965	0.78 mi
Old York Highway East	Lockhart Rd	2022	1,038	0.87 mi
OLD YORK HWY. E.	Lockhart Rd	2021	1,239	0.87 mi
FREDONIA RD.	Fredonia Loop	2021	1,177	1.26 mi
Fredonia Road	Fredonia Loop	2022	1,133	1.26 mi
RANKIN AVE.	Stagg St	2020	2,072	1.46 mi
Old York Highway East	Lockhart Rd	2018	990	1.54 mi

Listing Broker

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