Skip to main content

Auto Parts

O'Reilly Auto Parts

1061 Virginia Beach Blvd, Virginia Beach, VA 23451

Listing Price: $1,848,000

Cap Rate
6.15%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
7,544
Lease Type
Double Net
Rent Per Square Feet
$15.07

Investment Overview

* Corporately guaranteed O’Reilly Auto Parts located in Virginia Beach, Virginia with approximately 11 years remaining
* High traffic location - O’Reilly’s is located near the signalized intersection of Birdneck Road and Virginia Beach Boulevard - ADT of approximately 39,000 cars/day
* O’Reilly Auto Parts (NASDAQ: ORLY) was founded in 1957 and currently operate 6,152 locations across the U.S. and Puerto Rico, 69 stores in Mexico, and 23 stores in Canada- In 2023, O’Reilly reported revenue of $15.8 Billion with a net income of $2.34 Billion
* Located less than 1 mile from the Virginia Beach shoreline - in 2022, Virginia Beach had over 13.64 Million visitors resulting in an economic impact of nearly $3.7 Billion dollars
* Located directly across the street from The Virginia Beach Convention Center (950K SF meeting space) and the newly developed Virginia Beach Sports Center, which is one of the largest indoor sports complexes on the East Coast totaling 285K SF with 5,000 spectator seats, 12 basketball courts, 24 volleyball courts, and a 200 meter hydraulic banked track
* Dense retail location - directly adjacent to a Food Lion/Dollar Tree/Workout Anytime center - other nearly retailers include: Dollar General, AutoZone, Dunkin’, McDonald’s, and the property is just a couple miles from Walmart, Target, Whole Foods, Kroger, PetSmart, and Trader Joe’s
* Approximately 1 mile off Interstate 264 - ADT of 54,000 cars/day
* Near the Naval Air Station Oceana (NAS Oceana) - NAS Oceana has approximately 10,500 active Navy personnel, about 10,000 family members, and 4,500 civilian personnel, making NAS Oceana the second largest employer in Virginia Beach
* Virginia Beach currently has an MSA of approximately 1.8 million residents, with an expected growth of 2.4% by 2028
* Densely populated and highly affluent market - over 98,000 residents within a 5-mile radius with an average household income of over $112,000 (over $110,000 within a 3-mile radius)
* State of the art 7,544 +/- SF stone construction in 2015
* Lot size of 1.03 acres

Investment Highlights

  • Corporately guaranteed O'Reilly Auto Parts located in Virginia Beach, Virginia with approximately 11 years remaining
  • High traffic location - O'Reilly's is located near the signalized intersection of Birdneck Road and Virginia Beach Boulevard - ADT of approximately 39,000 cars/day
  • O'Reilly Auto Parts (NASDAQ: ORLY) was founded in 1957 and currently operate 6,200 stores across the U.S. , Puerto Rico, Mexico and Canada- In 2023, O'Reilly reported revenue of $15.8 Billion

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Listing Price: $1,848,000

Cap Rate
6.15%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
7,544
Lease Type
Double Net
Rent Per Square Feet
$15.07

Investment Highlights

  • Corporately guaranteed O'Reilly Auto Parts located in Virginia Beach, Virginia with approximately 11 years remaining
  • High traffic location - O'Reilly's is located near the signalized intersection of Birdneck Road and Virginia Beach Boulevard - ADT of approximately 39,000 cars/day
  • O'Reilly Auto Parts (NASDAQ: ORLY) was founded in 1957 and currently operate 6,200 stores across the U.S. , Puerto Rico, Mexico and Canada- In 2023, O'Reilly reported revenue of $15.8 Billion

Investment Overview

* Corporately guaranteed O’Reilly Auto Parts located in Virginia Beach, Virginia with approximately 11 years remaining * High traffic location - O’Reilly’s is located near the signalized intersection of Birdneck Road and Virginia Beach Boulevard - ADT of approximately 39,000 cars/day * O’Reilly Auto Parts (NASDAQ: ORLY) was founded in 1957 and currently operate 6,152 locations across the U.S. and Puerto Rico, 69 stores in Mexico, and 23 stores in Canada- In 2023, O’Reilly reported revenue of $15.8 Billion with a net income of $2.34 Billion * Located less than 1 mile from the Virginia Beach shoreline - in 2022, Virginia Beach had over 13.64 Million visitors resulting in an economic impact of nearly $3.7 Billion dollars * Located directly across the street from The Virginia Beach Convention Center (950K SF meeting space) and the newly developed Virginia Beach Sports Center, which is one of the largest indoor sports complexes on the East Coast totaling 285K SF with 5,000 spectator seats, 12 basketball courts, 24 volleyball courts, and a 200 meter hydraulic banked track * Dense retail location - directly adjacent to a Food Lion/Dollar Tree/Workout Anytime center - other nearly retailers include: Dollar General, AutoZone, Dunkin’, McDonald’s, and the property is just a couple miles from Walmart, Target, Whole Foods, Kroger, PetSmart, and Trader Joe’s * Approximately 1 mile off Interstate 264 - ADT of 54,000 cars/day * Near the Naval Air Station Oceana (NAS Oceana) - NAS Oceana has approximately 10,500 active Navy personnel, about 10,000 family members, and 4,500 civilian personnel, making NAS Oceana the second largest employer in Virginia Beach * Virginia Beach currently has an MSA of approximately 1.8 million residents, with an expected growth of 2.4% by 2028 * Densely populated and highly affluent market - over 98,000 residents within a 5-mile radius with an average household income of over $112,000 (over $110,000 within a 3-mile radius) * State of the art 7,544 +/- SF stone construction in 2015 * Lot size of 1.03 acres

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

MM Texture Background
MM Textured Background Lower