Skip to main content

Auto Parts

O'Reilly Auto Parts

310 Main St, Minster, OH 45865

Listing Price: $1,991,678

Cap Rate
5.25%
Tenant Name
O'Reilly Automotive Inc
Years Remaining On Lease
15.2
Gross SF
7,225
Guarantor
Corporate Guarantee
Rentable SF
7,225
Price/Gross SF
$275.66
Lease Type
Double Net
Rent Per Square Feet
$14.47

Investment Overview

Marcus & Millichap is pleased to present this single tenant, Double-Net 'NN' leased auto parts store in the city of Minster, Auglaize County, Ohio. The Tenant is O'Reilly Automotive Inc. (NASDAQ: ORLY), a leader in the aftermarket auto parts industry with over 5,500 locations across 47 states. The subject property, O'Reilly Auto Parts, was built-to-suit in 2021 with rent commencement occurring September 15, 2021. The property is Double-Net 'NN' leased to O'Reilly Automotive Inc for 15 years with four, five-year options to renew. Management responsibilities include the roof and structure. The building is approximately 7,225 square feet with a land area of 1.54 acres. The price of the property is $1,991,676 at a 5.25% cap with an annual rent of $104,563,

Investment Highlights

  • Brand New Built-to-Suit, 2021 Construction
  • Corporate Guarantee by O'Reilly Automotive Inc.
  • 6% Rental Increase After Year 10 and at Each Option

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $1,991,678

Cap Rate
5.25%
Tenant Name
O'Reilly Automotive Inc
Years Remaining On Lease
15.2
Gross SF
7,225
Guarantor
Corporate Guarantee
Rentable SF
7,225
Price/Gross SF
$275.66
Lease Type
Double Net
Rent Per Square Feet
$14.47

Investment Highlights

  • Brand New Built-to-Suit, 2021 Construction
  • Corporate Guarantee by O'Reilly Automotive Inc.
  • 6% Rental Increase After Year 10 and at Each Option

Investment Overview

Marcus & Millichap is pleased to present this single tenant, Double-Net 'NN' leased auto parts store in the city of Minster, Auglaize County, Ohio. The Tenant is O'Reilly Automotive Inc. (NASDAQ: ORLY), a leader in the aftermarket auto parts industry with over 5,500 locations across 47 states. The subject property, O'Reilly Auto Parts, was built-to-suit in 2021 with rent commencement occurring September 15, 2021. The property is Double-Net 'NN' leased to O'Reilly Automotive Inc for 15 years with four, five-year options to renew. Management responsibilities include the roof and structure. The building is approximately 7,225 square feet with a land area of 1.54 acres. The price of the property is $1,991,676 at a 5.25% cap with an annual rent of $104,563,

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

MM Texture Background
MM Textured Background Lower