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O'Reily | 4+yrs Remain Abs NNN 1715 N Carson St 15,755 SF Retail Building Carson City, NV 89701 $4,988,660 CAD ($316.64 CAD/SF) 4.75% Cap Rate

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Investment Highlights

Over 4 Years Remaining | Investment Grade Tenant (S&P: BBB) | Scheduled Rental Increases | Established Tenant
Located Along N. Carson Road (16,800 VPD) |Excellent Visibility & Access
Long-Term Upside & Rental Growth Potential

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Nearby Walmart & Home Depot | National/Credit Tenant Presence
Direct Residential Consumer Base |Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS Real Estate Partners-Las Vegas, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, investment grade (S&P: BBB), corporate signed, O’Reilly Auto Parts investment property located in Carson City, Nevada. The tenant, O’Reilly Auto Enterprises, LLC, has over 4 years remaining in their initial lease term with 5 (5-year) options to extend. The lease features a 5% increase at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: BBB) and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1957, O’Reilly Auto Parts is one of the largest specialty retailers of automotive aftermarket parts, tools, equipment, and accessories in the United States.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

15,755 SF

Building Class

Year Built

1960

Price

$4,988,660 CAD

Price Per SF

$316.64 CAD

Cap Rate

4.75%

NOI

$236,987 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.21

Lot Size

1.69 AC

Zoning

Retail Commercial

Parking

105 Spaces (6.66 Spaces per 1,000 SF Leased)

Dedicated Turn Lane

Pylon Sign

Signage

Retailer
99,999 SF
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O'Reilly Auto Parts began in 1957 when the O'Reilly family formed O'Reilly Automotive in Springfield, Missouri, and the business has since expanded from a single-store operation into a broad automotive aftermarket retailer. The company supplies automotive parts, tools, equipment, and accessories for both professional service providers and do-it-yourself customers. O'Reilly Auto Parts serves a wide retail network across the United States and other North American markets, supporting customers through stores, distribution, and service-oriented sales programs. The company remains focused on automotive replacement parts and related products while maintaining a long-running presence in the automotive retail sector.