O'Reilly Auto Parts

O'Reilly Auto Parts

8177 S. Broadway Avenue
Tyler, TX

Price: $2,741,000
Cap: 5.25%
NOI: $143,917
Building Size: 7,225 SF
Lot Size: 0.93 AC

Investment Highlights

17 YEAR CORPORATE LEASE WITH INCREASES
• Over 17 years remaining on a corporate guaranteed lease by O’Reilly Auto Parts
• There are 6% rental increases in years 11 and 16 and each of the 4, 5-Year option periods
• Tenant is responsible for taxes, CAM and insurance and Landlord is responsible for roof and structure

INVESTMENT GRADE TENANT
•O’Reilly Auto Parts (NASDAQ: ORLY) has an S&P credit rating of BBB
•There are currently 5,460 locations in 47 states
•O’Reilly Auto Parts has been in business since 1957 and has revenues over $9.5 Billion

ADJACENT TO 700,000 SF MEGA RETAIL CENTER
•This O’Reilly is well located adjacent to The Village at Cumberland Park, a 700,000+ SF regional mega-retail center that sits on approximately 80 acres. National retailers include TJ Maxx, Bed, Bath, & Beyond, Old Navy, Burlington, Ross, and many more. The trade area for this property extends to many surrounding East Texas markets.
• The property is located along Tyler’s main retail corridor (Broadway Avenue) with 31,536 VPD and just North of TX Loop 49 (15,440 VPD)
• This store is located just 7 miles south of Downtown Tyler and 6 miles southwest of University of Texas at Tyler which has an undergraduate enrollment of 6,699
•The 5 mile population of this property is almost 75,000 and AHHI is over $92,000

TAX FREE STATE
•Texas is one of seven states which has no income tax
•Texas also has no estate tax

TYLER
•Tyler is the largest city in NE Texas with a population of 105,727.
Tyler was the thirty-eighth most populous city in Texas and it is the largest city and county seat of Smith County.
•Tyler is host to more than 20,000 higher-education students from the University of Texas at Tyler, a university health science center, and regional hospital systems.

 

Don McMinn
OFFERING MEMORANDUM

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