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O'Reilly | 9+yr Corp NN | Long Term Occupancy 1106 W Mulberry 7,500 SF Retail Building Salem, IN 47167 $795,674 CAD ($106.09 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 9+ Years Remaining | Options To Extend | Long-Term Operating History
- W Mulberry St (14,200 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The lease features flat rent throughout the remainder of the term and variable increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• O’Reilly has operated at the site for over 19 years
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
O’Reilly Automotive is a publicly traded automotive aftermarket parts retailer headquartered in Springfield, Missouri. Founded on December 2, 1957, by Charles F. O’Reilly and Charles H. “Chub” O’Reilly, the company began as a single store and has grown into one of the largest specialty retailers in its sector. O’Reilly serves both professional service providers and do-it-yourself customers through a dual-market strategy, offering parts, tools, and related services. The company operates more than 6,400 stores across the United States, Puerto Rico, Mexico, and Canada. O’Reilly Automotive trades on the NASDAQ under the ticker symbol ORLY and employs over 93,000 team members. Its growth has been driven by strategic acquisitions and a robust distribution network designed to ensure product availability and timely delivery.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 88-24-18-331-001.000-022 | Improvements Assessment | $336,309 CAD |
| Land Assessment | $86,862 CAD | Total Assessment | $423,171 CAD |
PROPERTY TAXES
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O'Reilly | 9+yr Corp NN | Long Term Occupancy | 1106 W Mulberry
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