34 Selkirk Way
Oldtown, ID 83822
O'Reilly Auto Parts · Retail Property For Sale

SRS Real Estate Partners, LLC in collaboration with NAI Select is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate signed (S&P: BBB), O’Reilly Auto Parts investment property located in Oldtown, Idaho. The tenant, O’Reilly Auto Enterprises, LLC, has approximately 11 years remaining on their lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 6% rental increase in July 2027, with additional 6% increases at the beginning of each option, growing NOI and hedging against inflation. The lease is NN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for an out of state investor.
The O’Reilly Auto Parts is strategically located along US Highway 2 (10,900 VPD), the primary commercial corridor serving Oldtown and the surrounding communities of northern Idaho and eastern Washington. The property is positioned near the signalized intersection of US Highway 2 and Selkirk Way, providing excellent visibility and convenient access for local residents and regional traffic. Additionally, the asset is situated within Oldtown’s primary retail trade area and is surrounded by a strong mix of national and regional retailers including Super 1 Foods, Ace Hardware, Family Dollar, Dollar Tree, Tractor Supply Co., and more, creating significant consumer traffic and promoting crossover shopping. Furthermore, the property also benefits from its proximity to the Washington state border, drawing customers from both Idaho and neighboring communities such as Newport, Washington. Moreover, the site offers convenient access to major recreational destinations including Pend Oreille River, Priest River, and numerous outdoor recreation areas, supporting consistent year-round traffic from both residents and visitors. The 5-mile trade area is supported by a population of over 6,300 with an average household income of $77,784.