- The tenant recently signed a brand new 15-year lease with 4 (5-year) options, demonstrating their long-term commitment to the site
- The lease features 6% rental increases every 5 years starting year 11 and continuing through the option periods, growing NOI and hedging against inflation
- The lease is signed by the corporate entity (S&P: BBB
- NASDAQ: ORLY)
- Founded in 1957, O’Reilly Auto Parts is among the largest specialty retailers of automotive aftermarket parts, tools, equipment, and accessories in the United States
Investment Offering
Coal City, IL - O'Reilly Auto Parts
860 E. Division St | 60416, IL 60416
$2,206,000
Price5.55%
Cap Rate$122,448
NOI7,627
± SF Offering GLA0.74
± AC Land AreaDescription
Location
- O’Reilly Auto Parts is strategically located along E. Division Street with clear visibility and access to an average of 12,800 vehicles passing by daily
- The asset benefits from direct access onto Interstate 55, a major commuter route that provides direct access to the Chicago Metropolitan Area
- The building, which opened in July 2022, features a state-of-the-art design using the highest-grade materials available
- The subject property benefits from excellent visibility via significant street frontage and a large monument sign
Documents & Links
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 Coal City IL - O'Reilly Auto PartsOM.pdf |  |  |