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O’REILLY AUTO PARTS (NASDAQ: ORLY) 430 N Mclean Blvd 7,326 SF Retail Building South Elgin, IL 60177 $3,534,290 CAD ($482.43 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Corporate Long Term Lease with 9+ Years Remaining featuring Favorable Rental Increases at Each Option.
- Densely Populated and Affluent Area: Features an Average Household Income of $118k+ within a 1-Mile Radius & over 154k People Residing within 5 Miles.
- Near Elgin Community College (8k+ Students) - hosts Touring Artists & Music Productions in its two Theaters -the 662-seat Blizzard Theatre.
- Positioned Along Area’s Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 17k Vehicles.
- Near Numerous National Retailers including Walmart Supercenter, Sam’s Club, Meijer, Menards, CVS, The Home Depot, Michaels, Walgreens, Kohl’s, etc.
- The Overall Company is Ranked #249 on Fortune 500 List & Features a S&P Investment Grade Credit Rating of “BBB” with an Annual Revenue of 17.78 B.
Executive Summary
O’Reilly Auto Parts (NASDAQ: ORLY)| Long Term Lease | Investment Grade Credit: S&P “BBB” | Densely Populated & Affluent Area | Near Community College & Numerous National Retailers
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,326 SF
Building Class
C
Year Built
2015
Price
$3,534,290 CAD
Price Per SF
$482.43 CAD
Cap Rate
5.75%
NOI
$203,202 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.04 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- O'Reilly Auto Parts
- Retailer
- 7,326 SF
- -
- Double Net
- Jul 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| O'Reilly Auto Parts | Retailer | 7,326 SF | - | Double Net | Jul 2035 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-34-105-043 | Improvements Assessment | $480,979 CAD |
| Land Assessment | $307,088 CAD | Total Assessment | $788,067 CAD |
Property Taxes
Parcel Number
06-34-105-043
Land Assessment
$307,088 CAD
Improvements Assessment
$480,979 CAD
Total Assessment
$788,067 CAD
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O’REILLY AUTO PARTS (NASDAQ: ORLY) | 430 N Mclean Blvd
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