1930 N Michigan St
Plymouth, IN 46563
O'Reillys Auto Parts · Retail Property For Sale

Marcus & Millichap is pleased to exclusively present for your acquisition review the net leased O’Reilly Auto Parts located in Plymouth, Indiana. The 7,225 square foot freestanding building is currently being built-to-suit for O’Reilly Auto Parts and will sit on about 0.73 acres with excellent visibility along North Michigan Street. O’Reilly is positioned in between McDonald’s and CVS, and adjacent to a Kroger anchored shopping center across the street with other national tenants like Pizza Hut, Burger King, Taco Bell, Dollar General, Sprint, AutoZone and Ace Hardware. Additionally there is a Walgreens and Ponderosa Steakhouse on the other side of the McDonald’s. The property has excellent frontage and exposure to the consistent traffic counts driven by the national retailers surrounding and one of the only grocery stores in Plymouth. O’Reilly Auto Parts has immediate access to U.S. Route 30 which is less than a quarter mile north as Michigan Street feeds into the highway. U.S. Route 30 is the third longest highway in the United States covering 3,073 miles. Plymouth sits just 26 miles south of South Bend, home of Notre Dame University, and 93 miles outside Chicago. O’Reilly Auto Parts signed an original 15-year double net lease with estimated rent commencement of July 1, 2020 and expiring June 30, 2035. The landlord is responsible for the roof and structural components of the building. There is a 6 percent rent increase in year 10 of the base term and additional increases in each of the four, five-year renewal options. O’Reilly Auto Parts has grown to 5,460 stores across 48 states since it was founded in Springfield, Missouri in 1957. The company has reported an increase in same store sales year-over-year of 3.8%, illustrating the growth of the company and the recession-proof nature of the tenant.