3145 11th Street, Rockford, IL 85607-2613 For Sale

This high-performing O'Reilly Auto Parts retail store is situated in the densely populated northern Illinois community of Rockford. The building was built-to-suit for O'Reilly in 2011, which signed a fifteen (15) year original lease. The tenant has since exercised the first tenant-renewal option and three (3) additional options of five (5) years in duration remain. Each renewal option is equipped with eight percent (8%) rent escalations which begin at the commencement of the extension term. The lease is guaranteed by O'Reilly Automotive, Inc. which is publicly traded on the NASDAQ. Traded under the ORLY symbol, the guarantor holds an investment grade credit rating from Standard & Poor's. Landlord responsibilities are limited to the structural portions of the premises. The Tenant is responsible for the roof, HVAC, parking lot, and common area maintenance. There are approximately four and a half (4.5) years remaining in the current renewal term. According to Placer.ai, this unit ranks near the top 20% of the over 230 O'Reilly stores in Illinois.