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32345542
32345541

1988 Rahncliff Court, Eagan, MN 55122

MH
MN MN 40449423
JLL - Minneapolis, Minnesota
Listed by JLL - Minneapolis, Minnesota
$1,205,000
52 days on market
Updated 52 days ago

O'Reilly Auto Parts

Details
APN 106272503003
Property Type Retail
Sub Type Convenience Store, Auto Shop
Square Footage 5,600
Net Rentable (SqFt) 5,600
Cap Rate 6.50%
NOI $78,342
Occupancy 100%
Tenancy Single
Brand/Tenant O'Reilly Auto Parts
Lease Type Absolute NNN
Lease Expiration 06/30/2031
Remaining Term 5.2
Lease Options 2
Price per SqFt $215
Year Built 1987
Acreage 92296.000
Investment Type Core+
Tenant Credit Credit Rated
Lease Commencement 07/01/1999
Ground Lease No
Sale Condition For sale by owner

Investment-Grade O'Reilly | Signalized Hard Corner | 27-Year Operating History

Marketing description

Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in O'Reilly Auto Parts located at 1988 Rahncliff Ct, Eagan, MN 55122. This 5,600 SF automotive parts retail store is secured by a NNN lease extending through June 2031, with two additional five-year renewal options that could extend the tenancy through 2041.

This investment opportunity offers investors a stable income stream backed by O'Reilly Auto Enterprises, LLC, an investment-grade tenant with BBB+ and Baa1 credit ratings from Standard & Poor's and Moody's, respectively. O'Reilly generated nearly $18 billion in revenue in 2025 and has delivered 33 consecutive years of record revenue growth since its IPO in 1993. The lease features built-in rent escalations throughout the primary term and renewal periods, providing predictable income growth over the investment hold period. The tenant has operated continuously at this location for 27 years, demonstrating exceptional location-level performance and validating the long-term viability of this established trade area.

Eagan represents an exceptional market for automotive aftermarket retail, with O'Reilly occupying a signalized hard corner at Cliff Road and Rahncliff Road with direct connectivity to I-35E and I-494, which combine to carry over 150,000 vehicles per day. The property sits within a high-traffic retail corridor featuring daily-needs retailers including Trader Joe's, Cub Foods, Target, and Cliff Lake Centre, generating consistent, repeat consumer traffic throughout the corridor. Twin Cities Premium Outlets, featuring over 100 stores across 409,000 SF, is located less than two miles from the property and functions as one of the premier regional shopping destinations in the Twin Cities metro, drawing shoppers from across Minnesota and beyond.

As home to over 2,300 businesses including major employers like Thomson Reuters, Ecolab, and the Minnesota Vikings, Eagan sits at the convergence of two interstate highways and is positioned minutes from MSP International Airport, Mall of America, and both Downtown Minneapolis and Saint Paul. The broader Twin Cities metro is home to 17 Fortune 500 companies, ranking as the highest concentration of Fortune 500 headquarters per capita of any metro area in the country. Eagan's strategic location at the intersection of major transportation corridors and employment centers creates a captive consumer base of both residents and daytime workers, driving sustained demand for automotive aftermarket services.

Please refer to the OM for more information on this investment opportunity.

Investment highlights

INVESTMENT-GRADE TENANT WITH 33 YEARS OF CONSECUTIVE GROWTH

  • O'Reilly carries investment-grade credit ratings of BBB+ from S&P and Baa1 from Moody's, reflecting strong financial capacity
  • The company generated nearly $18 billion in revenue in 2025, marking its 33rd consecutive year of record growth since going public in 1993

27 YEARS OF PROVEN PERFORMANCE AT THIS LOCATION

  • Nearly three decades of continuous operation demonstrates strong location-level sales performance
  • O'Reilly opened over 200 new stores in 2025, with expansion focused on increasing density in proven markets like this one

SIGNALIZED HARD CORNER WITH DIRECT INTERSTATE ACCESS

  • The property sits at a signalized intersection with direct connectivity to I-35E and I-494, which combine to carry over 150,000 vehicles per day
  • Cliff Road serves as one of Eagan's primary east-west commercial corridors with easy ingress/egress and high visibility

EMBEDDED WITHIN HIGH-TRAFFIC RETAIL CORRIDOR

  • Immediate trade area includes Trader Joe's, Cub Foods, Target, and Cliff Lake Centre, generating consistent repeat traffic
  • Twin Cities Premium Outlets features over 100 stores across 409,000 SF less than two miles away, drawing shoppers from across Minnesota

Listing Contacts

MH
MN MN 40449423
JLL - Minneapolis, Minnesota
Listed by JLL - Minneapolis, Minnesota

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$78,342.00
$6,528.50/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

Map

Zoning

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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Matt Hazelton
License
MN 40449423
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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