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Auto Parts

O'Reilly Auto Parts | Corporate O'Reilly (NASDAQ:ORLY) Guaranteed Lease

1162 S Burlington Blvd, Burlington, WA 98233

Listing Price: $2,726,100

Cap Rate
5.50%
Tenant Name
O'Reilly Auto Enterprises, LLC
Years Remaining On Lease
14.2
Gross SF
7,150
Guarantor
Corporate Guarantee
Rentable SF
7,150
Price/Gross SF
$381.27
Lease Type
Double Net
Rent Per Square Feet
$20.97

Investment Overview

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.

Burlington is a city in Skagit County, Washington, known for its picturesque landscapes, vibrant community, and convenient access to outdoor recreation. Also known as the "Hub City," Burlington’s centralized location in the heart of the Skagit Valley puts the city halfway between Seattle and Vancouver.

Investment Highlights

  • More than 14 Years Remaining on Corporate O'Reilly (NASDAQ: ORLY) Guaranteed Lease
  • 6 Percent Rental Increases in Year 10 of Lease Term and in Multiple Renewal Options
  • Prime Retail Location in the Center of Burlington's Retail Corridor Used by All Residents Within a 25-Mile Radius
  • Surrounded by National Retailers: Target, T.J. Maxx, Fred Meyer, Costco, Best Buy, Ross, Home Depot, and Many More
  • High Visibility Location Along Burlington Boulevard (More than 24,000 Vehicles per Day)
  • Population and Households Projected to Increase 3 – 4 Percent by 2027 Within a 15-Mile Radius
  • Subject Property Located Halfway Between Seattle, Washington and Vancouver, B.C.
  • Affluent Trade-Area with More than 62,000 Residents Within a Five-Mile Radius and an Average Household Income Over $91,000 Annually Within 15 Miles

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Auto Parts

O'Reilly Auto Parts | Corporate O'Reilly (NASDAQ:ORLY) Guaranteed Lease

Listing Price: $2,726,100

Cap Rate
5.50%
Tenant Name
O'Reilly Auto Enterprises, LLC
Years Remaining On Lease
14.2
Gross SF
7,150
Guarantor
Corporate Guarantee
Rentable SF
7,150
Price/Gross SF
$381.27
Lease Type
Double Net
Rent Per Square Feet
$20.97

Investment Highlights

  • More than 14 Years Remaining on Corporate O'Reilly (NASDAQ: ORLY) Guaranteed Lease
  • 6 Percent Rental Increases in Year 10 of Lease Term and in Multiple Renewal Options
  • Prime Retail Location in the Center of Burlington's Retail Corridor Used by All Residents Within a 25-Mile Radius
  • Surrounded by National Retailers: Target, T.J. Maxx, Fred Meyer, Costco, Best Buy, Ross, Home Depot, and Many More
  • High Visibility Location Along Burlington Boulevard (More than 24,000 Vehicles per Day)
  • Population and Households Projected to Increase 3 – 4 Percent by 2027 Within a 15-Mile Radius
  • Subject Property Located Halfway Between Seattle, Washington and Vancouver, B.C.
  • Affluent Trade-Area with More than 62,000 Residents Within a Five-Mile Radius and an Average Household Income Over $91,000 Annually Within 15 Miles

Investment Overview

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. Burlington is a city in Skagit County, Washington, known for its picturesque landscapes, vibrant community, and convenient access to outdoor recreation. Also known as the "Hub City," Burlington’s centralized location in the heart of the Skagit Valley puts the city halfway between Seattle and Vancouver.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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