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Auto Parts

O'Reilly Auto Parts | Brand New 2022 Construction

860 E Division St, Coal City, IL 60416

Listing Price: $2,498,950

Cap Rate
4.90%
Tenant Name
O'Reilly Auto Parts
Guarantor
Corporate Guarantee
Rentable SF
7,225
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.95

Investment Overview

This passive investment opportunity offers a qualified buyer the chance to acquire a brand new 15-year lease with a credit worthy tenant and brand new 2022 built-to-suit development. The site is scheduled to be completed and lease commenced on July 1st, 2022. Given that the site is ground up 2022 construction, a buyer will be obtaining a virtually NNN lease. Landlord, under the terms of the lease, is responsible for roof, structure and parking lot. Since all 3 aspects are brand new, the Landlord will theoretically have no responsibilities in maintaining the site during the base term given the average useful lifespan of roofs and parking lots. The investment also hedges against inflation by offering regular increases in rent including during base and option periods. O’Reilly Auto Parts provides an investment grade opportunity (S&P rated BBB+ and Moody’s rated Baa1 - Stable). O’Reilly’s is also publicly traded, NASDAQ:ORLY.

Investment Highlights

  • Brand New 15 Year Lease
  • New 2022 construction makes the lease virtually NNN
  • Investment Grade - S&P rated BBB+ / Moody's rated Baa1
  • 50 Miles Southwest of Downtown Chicago

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Auto Parts

O'Reilly Auto Parts | Brand New 2022 Construction

Listing Price: $2,498,950

Cap Rate
4.90%
Tenant Name
O'Reilly Auto Parts
Guarantor
Corporate Guarantee
Rentable SF
7,225
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.95

Investment Highlights

  • Brand New 15 Year Lease
  • New 2022 construction makes the lease virtually NNN
  • Investment Grade - S&P rated BBB+ / Moody's rated Baa1
  • 50 Miles Southwest of Downtown Chicago

Investment Overview

This passive investment opportunity offers a qualified buyer the chance to acquire a brand new 15-year lease with a credit worthy tenant and brand new 2022 built-to-suit development. The site is scheduled to be completed and lease commenced on July 1st, 2022. Given that the site is ground up 2022 construction, a buyer will be obtaining a virtually NNN lease. Landlord, under the terms of the lease, is responsible for roof, structure and parking lot. Since all 3 aspects are brand new, the Landlord will theoretically have no responsibilities in maintaining the site during the base term given the average useful lifespan of roofs and parking lots. The investment also hedges against inflation by offering regular increases in rent including during base and option periods. O’Reilly Auto Parts provides an investment grade opportunity (S&P rated BBB+ and Moody’s rated Baa1 - Stable). O’Reilly’s is also publicly traded, NASDAQ:ORLY.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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