O'Reilly - Freestanding FOR SALE


Coal City, IL 60416
$2,110,000 USD
949-903-3399
O'Reilly, Coal City, IL for Sale
$2,110,000 USD
Freestanding - FOR SALE
1/5
null | 5.8% Cap Rate

O'Reilly
Coal City, IL 60416


HIGHLIGHTS

  • Newer Long Term Corp Lease (13+ Yrs.) by O’Reilly Auto Parts (NASDAQ: ORLY) – Market CAP $59B+
  • One of Largest Specialty Retailers of Automotive Parts/Accessories in U.S. – 6,131+ Stores Worldwide
  • Attractive 6% Rent Bumps Every 5 Yrs. Starting Yr. 11 - Minimal LL Duties - Includes Roof Warranty
  • Excellent Visibility along Hwy 113 - Main Retail Corridor thru City - Near Coal City High School
  • Best in Class National Brand - Strong Lease Guarantee - Pride of Ownership 2022 Bldg. - Depreciable
  • Small Price Point for Long Term STNL - Investment Grade Credit (S&P: BBB) - Minimal LL Duties

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire the single tenant net leased O’Reilly Auto Parts in Coal City, IL. O’Reilly Auto Parts is a publicly traded company (NASDAQ: ORLY) with over 6,000 locations and has an investment grade credit rating from S&P of BBB. The long-term net lease has over 14 years remaining in the primary term with four 5-year option periods and rent increases in year 11 and every option period creating inflation resistant cash flows for years to come. The 7,225 SF building on 0.74-acre parcel is located on E Division Street, which sees 12,800 VPD, is only 2 miles from Interstate 55 (23,100 VPD) and is within an hour from downtown Chicago (MSA population exceeding 9.5 million). Nearby retailers include McDonald’s, Dunkin’, Taco Bell, CVS Pharmacy, Ace Hardware and Dollar General. This is a great opportunity to purchase a long term net leased O’Reilly Auto Parts in the Chicago MSA with a corporate guarantee, rent increases, and limited landlord responsibilities providing years of inflation resistant income.

FOR SALE DETAILS

PRICE

$2,110,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Term Lease- Investment Grade

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,922 SF

ZONING

C-3

APN/PARCEL ID

06-35-483-001,06-35-483-002

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.