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O'Reilly Auto Parts 1605 Central Ave 6,600 SF Retail Building Mckinleyville, CA 95519 $2,564,601 CAD ($388.58 CAD/SF) 5.86% Cap Rate
Investment Highlights
- Corporate Lease: O’Reilly Auto Enterprises, LLC (NASDAQ: ORLY), Fortune 500 company and one of the nation’s largest specialty retailers of automotive.
- ±6,600 SF Freestanding Building on 0.52 acres with 15 dedicated parking stalls.
- True NNN Lease: Tenant responsible for taxes, insurance, and CAM; landlord limited to roof and structure—creating a near-passive investment.
- Dominant Market Position: Over 6,000 locations nationwide, serving both DIY customers and professional installers for diversified revenue streams.
- Prime Retail Corridor: Located on Central Avenue, McKinleyville’s main commercial artery, with excellent visibility and strong traffic counts.
- Established Location: 26+ years of successful operation, reinforcing tenant’s deep market penetration.
Executive Summary
CBRE is pleased to present the opportunity to acquire a single-tenant, net-leased investment occupied by O’Reilly Auto Enterprises, LLC (NASDAQ: ORLY), a Fortune 500 company and one of the nation’s leading automotive aftermarket retailers. This ±6,600 SF freestanding building sits on a 0.52-acre parcel in the heart of McKinleyville’s prime retail corridor, with over 26 years of operating history at this location. The property features a true NNN lease structure, providing near-passive income with minimal landlord responsibilities. Strategically positioned along Central Avenue with immediate access to Highway 101, the site benefits from strong regional connectivity and consistent customer traffic. With investment-grade credit, entrenched market presence, and proximity to AutoZone reinforcing the strength of the trade area, this asset offers a secure and resilient cash flow backed by a best-in-class tenant.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,600 SF
Building Class
B
Year Built
1999
Price
$2,564,601 CAD
Price Per SF
$388.58 CAD
Cap Rate
5.86%
NOI
$150,363 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.52 AC
Zoning
C-2-N - Commercial
Parking
24 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
90’ on Central Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 509-191-027-000 | Improvements Assessment | $1,157,798 CAD |
| Land Assessment | $546,776 CAD | Total Assessment | $1,704,574 CAD |
Property Taxes
Parcel Number
509-191-027-000
Land Assessment
$546,776 CAD
Improvements Assessment
$1,157,798 CAD
Total Assessment
$1,704,574 CAD
Contacts
-
Patrick Wade -
Bo Henderson -
Alex Kozakov -
Matthew Greenberg -
Jack Webber -
Vivian Tran -
CBRE, Inc.
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O'Reilly Auto Parts | 1605 Central Ave
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