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O'Reilly Auto Parts | Manor, TX 11032 E US Hwy 290 7,200 SF Retail Building Manor, TX 78653 $2,479,000 ($344.31/SF) 5.33% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant Corporate O'Reilly Auto Parts (Investment Grade BBB; NASDAQ: ORLY)
- Four 5-year options with 6% rental increases
- Excellent Identity and Exposure: Located along Highway 290 with vehicle counts exceeding 52,000 cars per day
- Over 9 years remaining on the original 20-year term
- Top-Ranked Store: Store ranks in the top 30% of O’Reilly Auto Parts stores nationally per Placer.ai
- Recession- and Pandemic-Proof Tenant: O’Reilly’s saw an outstanding 14.5% increase in comparable-store sales in the 4th quarter of 2021
EXECUTIVE SUMMARY
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Triple Net
- Jan 2035
O’Reilly Automotive is a publicly traded automotive aftermarket parts retailer headquartered in Springfield, Missouri. Founded on December 2, 1957, by Charles F. O’Reilly and Charles H. “Chub” O’Reilly, the company began as a single store and has grown into one of the largest specialty retailers in its sector. O’Reilly serves both professional service providers and do-it-yourself customers through a dual-market strategy, offering parts, tools, and related services. The company operates more than 6,400 stores across the United States, Puerto Rico, Mexico, and Canada. O’Reilly Automotive trades on the NASDAQ under the ticker symbol ORLY and employs over 93,000 team members. Its growth has been driven by strategic acquisitions and a robust distribution network designed to ensure product availability and timely delivery.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Triple Net | Jan 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 841238 | Improvements Assessment | $1,224,597 |
| Land Assessment | $871,200 | Total Assessment | $2,095,797 |
PROPERTY TAXES
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O'Reilly Auto Parts | Manor, TX | 11032 E US Hwy 290
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