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18324190
18324191

860 E Division St, Coal City, IL 60416

PB
IL 471002226
Colliers - Rosemont, Illinois
EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
Listed by Colliers - Rosemont, Illinois, Colliers - Los Angeles - Orange County, California
$2,110,000
720 days on market
Updated 14 days ago

O'Reilly Auto Parts

Details
APN 06-35-483-001, 06-35-483-002
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 7,225
Cap Rate 5.8%
NOI $122,448
Occupancy 100%
Tenancy Single
Brand/Tenant O'Reilly Auto Parts
Lease Type NN
Lease Term 15
Lease Expiration 06/30/2037
Remaining Term 11.1
Price per SqFt $292
Acreage 0.740
Investment Type Net Lease
Lease Commencement 07/01/2022

Retail | 5.80% CAP | 7,225 SF

Marketing description

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.

Investment 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

Listing Contacts

PB
IL 471002226
Colliers - Rosemont, Illinois
EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
Listed by Colliers - Rosemont, Illinois, Colliers - Los Angeles - Orange County, California

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$122,448.00
$10,204.00/mo

Valuation Metrics

0
DSCR
5.8%
Cap Rate
5.8%
ROI

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Additional Information

Name
Peter Block
License
471002226
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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