

O'Reilly Auto Parts
Retail | 6.25% CAP | 7,150 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase O’Reilly Auto Parts, a single tenant retail investment property located at 4000 E 106th Street in Chicago, IL (the “Property”). O’Reilly Auto Parts has been at this location since 2013 and has just under 7 years remaining on their original 20-year lease with four (4) 5-year renewal options. The lease includes attractive 7% rental increases every five years throughout the primary lease term and at the start of each renewal option period.
O’Reilly Auto Parts occupies a highly visible corner location at the intersection of S. Avenue B and E. 106th Street, a primary commercial and commuter corridor within Chicago’s East Side neighborhood. The Property benefits from strong traffic counts, excellent frontage, and convenient access in a well-established retail trade area. Situated just off S. Indianapolis Avenue and surrounded by a mix of national and local retailers, restaurants, and service providers, the site draws from consistent daily consumer traffic generated by the surrounding commercial density and mature residential base. The Property also offers exceptional regional connectivity, with immediate access to U.S. Routes 20 and 41 and Interstate 90 located approximately 0.3 miles to the east, providing direct linkage to Downtown Chicago, the broader Chicagoland MSA, and major northern Indiana employment centers. Additionally, the site is located less than two miles from Horseshoe Hammond (Caesars), a significant regional entertainment and gaming destination that attracts substantial year-round traffic. With its infill urban location, strong surrounding demographics, and proximity to major infrastructure and destination drivers, the Property is well positioned to support durable tenant performance and long-term investment stability.
Investment highlights
LEASE TERM: O’Reilly Auto Parts commenced a 20-year lease in 2013 and has just under 7 years remaining on their lease with four (4) 5-year renewal options.
ATTRACTIVE RENT INCREASES: The Lease calls for attractive 7% rental increases every five years throughout the primary lease term and at the start of each renewal option period, providing an attractive increase in revenue and a hedge against inflation.
MINIMAL LANDLORD RESPONSIBILITIES: O’Reilly Auto Parts is responsible for real estate taxes, insurance, utilities, and common area maintenance directly, protecting against rising expense costs. The Landlord is responsible for the building’s roof & structure, parking lot replacement, and underground utilities.
STRATEGIC RETAIL LOCATION: O’Reilly Auto Parts is located at the intersection of S Avenue B and E 106th Street, one of the area’s primary commercial and commuter corridors in Chicago’s East Side neighborhood. The Property offers strong visibility and convenient access within a well-established retail market. The Property is seconds from S Indianapolis Avenue and enjoys close proximity to national and local retailers, service providers, and dining options that drive consistent daily traffic. Surrounded by mature residential neighborhoods and nearby employment centers, the site benefits from a stable and diverse customer base. The Property provides efficient access to US Routes 20 and 41, with Interstate 90 located approximately 0.3 miles to the east, allowing for direct connectivity to Downtown Chicago, the broader Chicagoland region, and northern Indiana’s major markets.
STRONG CREDIT TENANT: O'Reilly Auto Parts is a publicly traded company (NASDAQ: ORLY) with a market cap of $76.99 billion (on 02/26/2026). O’Reilly’s reported sales of $17.78 Billion for the year ended 12/31/2025 and boasts an investment-grade credit rating of BBB+ (S&P) and Baa1 (Moody’s). O’Reilly Auto Parts has a corporate guaranty.
EXCELLENT VISIBILITY, SIGNAGE & ACCESS: O’Reilly Auto Parts offers excellent frontage, visibility and access along both E 106th Street and S Avenue B. Additionally, the Property benefits from immediate adjacency to national retailers (ALDI and Family Dollar) and restaurants (McDonald’s, Burger King, KFC and Subway), which enhance consumer draw, cross-shopping opportunities, and overall traffic to the site.
TRAFFIC COUNTS: Over 9,600 vehicles pass the Property daily at the intersection of E 106th Street and S Avenue B, more than 26,200 vehicles pass by the Property along S Indianapolis Avenue. Additionally, more than 49,000 vehicles pass nearby along Interstate 90.
DEMOGRAPHICS: More than 62,300 people live within 3 miles of the Property with an average household income of $76,378. More than 189,900 people live within 5 miles of the Property with an average household income of $73,393. Additionally, there are more than 46,100 employees within 5 miles of the Property.
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