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Views: 226 DOM: 439 Updated: 11.07.24 Posted: 10.09.23 Status: Active

Summary

Price $2,451,000
Built/Renov 2018
Tenant O'Reilly Auto Parts
Cap Rate 5.90%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 7,225
Lease Start 01-02-2019
#Units 6,095
Price/SF $339.24
Expiration 01-01-2034
Tenant Type Automotive
NOI $144,609
R. Term 9.0
Ownership Fee Simple
Rent/SF $18.88
Increases 6.0%/1/yrs
Pop 5Mi 73,670
Lot/AC 1.03
Options 4/5yrs/6%
AHHI 5Mi $86,776

Lease Highlights

  • Newer 2018 construction | Long-term transferrable manufacturer’s roof warranty included
  • Tenant has 9 years remaining on their primary lease 4 (5-year) options to extend
  • Lease features 6% rental increases every 5 years in the base term and at the beginning of 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 located along Lincoln Highway (Route 30), which serves as a major retail hub with a daily traffic count of 27,619 vehicles. The subject property benefits from its close proximity to major national retailers such as Target, ALDI, Walmart, Walgreens, Wendy's and many more. Excellent regional access is another advantage of the property, as it is only 1 mile...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Lombard Street 8th Ave 2020 1,249 0.17 mi
10th Street Greene St 2020 139 0.18 mi
10th Street Sweden Aly 2020 4,324 0.28 mi
Lincoln Highway Hams Way 2022 13,366 0.31 mi
Ash Street 9th Ave 2022 3,202 0.33 mi
Spruce Street Fairview Ave 2020 105 0.38 mi
10th Street Willow St 2020 107 0.38 mi
Lincoln Hwy Oakmont St 2016 27,619 0.39 mi
Country Hills Drive Deerfield Dr 2020 434 0.44 mi
Bridge St Pennsylvania Ave 2017 2,716 0.46 mi

Listing Broker

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