Skip to main content

Auto Parts

O'Reilly Auto Parts

1355 Jefferson Street, Greenfield, OH 45123

Listing Price: $2,035,000

Cap Rate
5.10%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
7,225
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.35

Investment Overview

This passive investment opportunity offers a buyer a new 15 year modified NNN lease on 2021 prototype construction. Minimal landlord responsibilities of roof & structure, but being that it’s new 2021 construction it is virtually a NNN lease. The lease also calls for 6% rent escalations which hedges against inflation, and also offers four, five-year options. O’Reilly’s is an investment grade opportunity (S&P BBB+ rated) and is traded on NASDAQ:ORL. Moddy’s rates O’Reilly’s as Baa1 - Stable.

Investment Highlights

  • The Site Benefits from Minimal Competition in the Immediate Area
  • New 2021 Constructions makes the Lease Virtually NNN
  • Investment Grade BBB+ Moody's Rated Baa1

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Auto Parts

O'Reilly Auto Parts

Listing Price: $2,035,000

Cap Rate
5.10%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
7,225
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.35

Investment Highlights

  • The Site Benefits from Minimal Competition in the Immediate Area
  • New 2021 Constructions makes the Lease Virtually NNN
  • Investment Grade BBB+ Moody's Rated Baa1

Investment Overview

This passive investment opportunity offers a buyer a new 15 year modified NNN lease on 2021 prototype construction. Minimal landlord responsibilities of roof & structure, but being that it’s new 2021 construction it is virtually a NNN lease. The lease also calls for 6% rent escalations which hedges against inflation, and also offers four, five-year options. O’Reilly’s is an investment grade opportunity (S&P BBB+ rated) and is traded on NASDAQ:ORL. Moddy’s rates O’Reilly’s as Baa1 - Stable.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

MM Texture Background
MM Textured Background Lower