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Auto Parts

O'Reilly Auto Parts | NNN | Top Performer

4199 Main St, Springfield, OR 97478

Listing Price: $3,291,000

Cap Rate
5.50%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Absolute Net
Rent Per Square Feet
$22.63

Investment Overview

Fresh 10-Year Lease Extension:
- O’Reilly Auto Parts just signed an early 10-year lease extension, extending the base term expiration date to December 2037
- The 10-year lease extension further demonstrates the tenant’s commitment to the location

Top Performing Location:
- PlacerAI ranks this location in the top 99th percentile of all O’Reilly stores in the nation, ranking 18 of 6,145.
- PlacerAI ranks this location as the second busiest store in the state, ranking 2 of 78.
- 25+ year operating history as a auto parts store!

Rare Abs. NNN O’Reilly Auto Parts
- This is a rare Absolute NNN O’Reilly Auto Parts, with zero Landlord responsibilities

O’Reilly Auto Parts:
- 6,400+ locations nationwide
- Investment Grade Credit Rating of BBB (S&P)
- Recession-Resilient Business Model – O’Reilly Auto Parts benefits from consistent demand for vehicle maintenance and repair, performing well during both strong and weak economic cycles.
- O’Reilly Auto Parts is widely considered the best overall performing company in the auto parts sector!

Location / Springfield, OR:
- Incredible demographics linear with target customer base
o Population Density: 13,500+ (one-mile) | 50,000+ (three-mile) | 87,000+ (five-mile)
- Located on a signalized intersection of Main St. & S 42nd St, which sees a combined traffic count of 37,700 cars per day!
- Large 0.79 acre parcel with multiple access points

Investment Highlights

  • O'Reilly Auto Parts just signed an early 10-year lease extension, extending the base term expiration date to December 2037
  • This is a rare Absolute NNN O'Reilly Auto Parts, with zero Landlord responsibilities
  • O'Reilly Auto Parts is widely considered the best overall performing company in the auto parts sector!

Exclusively Listed By

Broker of Record

  • David Tabata

    Managing Director, Market Leader - Oregon

    (503) 200-2000

    License(s) OR: 201224889

    Oregon

Financing By

Auto Parts

O'Reilly Auto Parts | NNN | Top Performer

Listing Price: $3,291,000

Cap Rate
5.50%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Absolute Net
Rent Per Square Feet
$22.63

Investment Highlights

  • O'Reilly Auto Parts just signed an early 10-year lease extension, extending the base term expiration date to December 2037
  • This is a rare Absolute NNN O'Reilly Auto Parts, with zero Landlord responsibilities
  • O'Reilly Auto Parts is widely considered the best overall performing company in the auto parts sector!

Investment Overview

Fresh 10-Year Lease Extension: - O’Reilly Auto Parts just signed an early 10-year lease extension, extending the base term expiration date to December 2037 - The 10-year lease extension further demonstrates the tenant’s commitment to the location Top Performing Location: - PlacerAI ranks this location in the top 99th percentile of all O’Reilly stores in the nation, ranking 18 of 6,145. - PlacerAI ranks this location as the second busiest store in the state, ranking 2 of 78. - 25+ year operating history as a auto parts store! Rare Abs. NNN O’Reilly Auto Parts - This is a rare Absolute NNN O’Reilly Auto Parts, with zero Landlord responsibilities O’Reilly Auto Parts: - 6,400+ locations nationwide - Investment Grade Credit Rating of BBB (S&P) - Recession-Resilient Business Model – O’Reilly Auto Parts benefits from consistent demand for vehicle maintenance and repair, performing well during both strong and weak economic cycles. - O’Reilly Auto Parts is widely considered the best overall performing company in the auto parts sector! Location / Springfield, OR: - Incredible demographics linear with target customer base o Population Density: 13,500+ (one-mile) | 50,000+ (three-mile) | 87,000+ (five-mile) - Located on a signalized intersection of Main St. & S 42nd St, which sees a combined traffic count of 37,700 cars per day! - Large 0.79 acre parcel with multiple access points

Exclusively Listed By

Broker of Record

  • David Tabata

    Managing Director, Market Leader - Oregon

    (503) 200-2000

    License(s): OR: 201224889

    Oregon

Financing By

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