Auto Parts
O'Reilly Auto Parts - Mattoon
701 Charleston Ave, Mattoon, IL 61938
Listing Price: $1,557,000
Investment Overview
This NN-leased O’Reilly Auto Parts investment offers 10 years of remaining term and is corporately guaranteed by O’Reilly Automotive, Inc., providing secure and stable cash flow. The tenant has successfully operated at this location since 2016, demonstrating long-term commitment to the site. The lease includes four 5-year renewal options with scheduled 6% rental increases every five years, offering attractive future income growth. The property is positioned at a high-visibility hard-corner intersection along Charleston Avenue, with convenient access to Interstate 57 and proximity to the Mattoon Amtrak station. The asset benefits from strong surrounding retail drivers, including Cross County Mall and Walmart Supercenter, within a dense trade area of over 17,000 residents and nearly 23,000 employees within three miles.
O'Reilly Auto Parts - Mattoon
Investment Highlights
- NN Leased O'Reilly Auto Parts with 10 years of term remaining | Corporate guarantee
- Tenant has been operating at this location since 2016
- Situated at a high-visibility hard corner | 15,300 VPD
- 2 miles from the on/off ramp of Interstate 57, which sees 19,300 vehicles per day
- 1.2 miles from Cross County Mall, which attracts 1.3 million annual visitors (Placer.ai)
- 1.6 miles from Walmart Supercenter, which attracts 2.4 million annual visitors (Placer.ai)
- 17,191 residents and 22,870 employees within a three-mile radius
Listing Price: $1,557,000
Investment Highlights
- NN Leased O'Reilly Auto Parts with 10 years of term remaining | Corporate guarantee
- Tenant has been operating at this location since 2016
- Situated at a high-visibility hard corner | 15,300 VPD
- 2 miles from the on/off ramp of Interstate 57, which sees 19,300 vehicles per day
- 1.2 miles from Cross County Mall, which attracts 1.3 million annual visitors (Placer.ai)
- 1.6 miles from Walmart Supercenter, which attracts 2.4 million annual visitors (Placer.ai)
- 17,191 residents and 22,870 employees within a three-mile radius
Investment Overview
This NN-leased O’Reilly Auto Parts investment offers 10 years of remaining term and is corporately guaranteed by O’Reilly Automotive, Inc., providing secure and stable cash flow. The tenant has successfully operated at this location since 2016, demonstrating long-term commitment to the site. The lease includes four 5-year renewal options with scheduled 6% rental increases every five years, offering attractive future income growth. The property is positioned at a high-visibility hard-corner intersection along Charleston Avenue, with convenient access to Interstate 57 and proximity to the Mattoon Amtrak station. The asset benefits from strong surrounding retail drivers, including Cross County Mall and Walmart Supercenter, within a dense trade area of over 17,000 residents and nearly 23,000 employees within three miles.
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