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Shopping Strip

O'Reilly Shops

229 Lafayette St, London, OH 43140

Listing Price: $1,934,500

Cap Rate
8.00%
Gross SF
13,023
Rentable SF
13,023
Price/Gross SF
$148.54
Lot Size
1.14 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to present for sale O'Reilly Shops in London, Ohio. O’Reilly Automotive, Inc. (NASDAQ: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers.

Founded in 1963, Donatos is a family-owned pizza company with more than 460 locations in 29 states. The name, derived from the Latin for “to give a good thing,” encompasses Donatos’ mission: make the best pizza, hire great people, and promote goodwill in the community.

London, the county seat of Madison County, Ohio, is situated in the central-western part of the state. London is known for its rich history, small-town atmosphere, and strong sense of community. With a population of approximately 10,000 residents, London offers a blend of rural tranquility and accessibility to nearby urban centers.

Investment Highlights

  • 100 Percent Leased Retail Center with Diverse Tenant Mix - All Triple-Net Leases
  • Priced Below Replacement Cost
  • Long Term Occupancy - Donatos Pizza has Operated at the Site for 18 Years and Doubled Footprint to Meet Demand. O'Reilly Auto Parts has Operated at the Site for 13 Years
  • Corporate Guarantees by O'Reilly Auto Parts and Donatos Pizza
  • Located at Signalized Intersection in a Strong Retail Corridor with National Tenants: Kroger, Walmart, Tractor Supply Co, Sherwin-Williams, CVS, Bealls, and Many More
  • Direct Connection to Historic Downtown London and Dwight D. Eisenhower Hwy-70 (Over 55,400 Cars Per Day)
  • 25 Minutes from Columbus, the Fastest Growing MSA in the Midwest Since 2010
  • Low Rent per Square Foot Creating Long Term Historical Occupancy

Exclusively Listed By

Financing By

Shopping Strip

O'Reilly Shops

Listing Price: $1,934,500

Cap Rate
8.00%
Gross SF
13,023
Rentable SF
13,023
Price/Gross SF
$148.54
Lot Size
1.14 acres
Year Built
2005

Investment Highlights

  • 100 Percent Leased Retail Center with Diverse Tenant Mix - All Triple-Net Leases
  • Priced Below Replacement Cost
  • Long Term Occupancy - Donatos Pizza has Operated at the Site for 18 Years and Doubled Footprint to Meet Demand. O'Reilly Auto Parts has Operated at the Site for 13 Years
  • Corporate Guarantees by O'Reilly Auto Parts and Donatos Pizza
  • Located at Signalized Intersection in a Strong Retail Corridor with National Tenants: Kroger, Walmart, Tractor Supply Co, Sherwin-Williams, CVS, Bealls, and Many More
  • Direct Connection to Historic Downtown London and Dwight D. Eisenhower Hwy-70 (Over 55,400 Cars Per Day)
  • 25 Minutes from Columbus, the Fastest Growing MSA in the Midwest Since 2010
  • Low Rent per Square Foot Creating Long Term Historical Occupancy

Investment Overview

Marcus & Millichap is pleased to present for sale O'Reilly Shops in London, Ohio. O’Reilly Automotive, Inc. (NASDAQ: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers. Founded in 1963, Donatos is a family-owned pizza company with more than 460 locations in 29 states. The name, derived from the Latin for “to give a good thing,” encompasses Donatos’ mission: make the best pizza, hire great people, and promote goodwill in the community. London, the county seat of Madison County, Ohio, is situated in the central-western part of the state. London is known for its rich history, small-town atmosphere, and strong sense of community. With a population of approximately 10,000 residents, London offers a blend of rural tranquility and accessibility to nearby urban centers.

Exclusively Listed By

Financing By

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