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1988 Rahncliff Ct
Eagan, MN 55122
O'Reilly Auto Parts · Retail Property For Sale


Investment Highlights
- O'Reilly holds BBB+ / Baa1 credit ratings and generated $18 billion in 2025 revenue, marking 33 consecutive years of record growth since 1993
- Signalized hard corner with direct access to I-35E and I-494 (150,000+ combined VPD) on Cliff Road, a primary Eagan commercial corridor
- Eagan offers dual interstate access and proximity to MSP Airport, Mall of America, and both downtown cores within the Twin Cities metro
- Nearly three decades of continuous operation at this site demonstrates strong location-level sales performance and validates this trade area
- Surrounded by Trader Joe's, Cub Foods, Target, and Cliff Lake Centre, with Twin Cities Premium Outlets less than two miles away
- Twin Cities metro is home to 17 Fortune 500 companies, which is the highest per capita concentration of any U.S. metropolitan area
Executive Summary
Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in O'Reilly Auto Parts located at 1988 Rahncliff Ct, Eagan, MN 55122. This 5,600 SF automotive parts retail store is secured by a NNN lease extending through June 2031, with two additional five-year renewal options that could extend the tenancy through 2041.
This investment opportunity offers investors a stable income stream backed by O'Reilly Auto Enterprises, LLC, an investment-grade tenant with BBB+ and Baa1 credit ratings from Standard & Poor's and Moody's, respectively. O'Reilly generated nearly $18 billion in revenue in 2025 and has delivered 33 consecutive years of record revenue growth since its IPO in 1993. The lease features built-in rent escalations throughout the primary term and renewal periods, providing predictable income growth over the investment hold period. The tenant has operated continuously at this location for 27 years, demonstrating exceptional location-level performance and validating the long-term viability of this established trade area.
Eagan represents an exceptional market for automotive aftermarket retail, with O'Reilly occupying a signalized hard corner at Cliff Road and Rahncliff Road with direct connectivity to I-35E and I-494, which combine to carry over 150,000 vehicles per day. The property sits within a high-traffic retail corridor featuring daily-needs retailers including Trader Joe's, Cub Foods, Target, and Cliff Lake Centre, generating consistent, repeat consumer traffic throughout the corridor. Twin Cities Premium Outlets, featuring over 100 stores across 409,000 SF, is located less than two miles from the property and functions as one of the premier regional shopping destinations in the Twin Cities metro, drawing shoppers from across Minnesota and beyond.
As home to over 2,300 businesses including major employers like Thomson Reuters, Ecolab, and the Minnesota Vikings, Eagan sits at the convergence of two interstate highways and is positioned minutes from MSP International Airport, Mall of America, and both Downtown Minneapolis and Saint Paul. The broader Twin Cities metro is home to 17 Fortune 500 companies, ranking as the highest concentration of Fortune 500 headquarters per capita of any metro area in the country. Eagan's strategic location at the intersection of major transportation corridors and employment centers creates a captive consumer base of both residents and daytime workers, driving sustained demand for automotive aftermarket services.
Please refer to the OM for more information on this investment opportunity.
This investment opportunity offers investors a stable income stream backed by O'Reilly Auto Enterprises, LLC, an investment-grade tenant with BBB+ and Baa1 credit ratings from Standard & Poor's and Moody's, respectively. O'Reilly generated nearly $18 billion in revenue in 2025 and has delivered 33 consecutive years of record revenue growth since its IPO in 1993. The lease features built-in rent escalations throughout the primary term and renewal periods, providing predictable income growth over the investment hold period. The tenant has operated continuously at this location for 27 years, demonstrating exceptional location-level performance and validating the long-term viability of this established trade area.
Eagan represents an exceptional market for automotive aftermarket retail, with O'Reilly occupying a signalized hard corner at Cliff Road and Rahncliff Road with direct connectivity to I-35E and I-494, which combine to carry over 150,000 vehicles per day. The property sits within a high-traffic retail corridor featuring daily-needs retailers including Trader Joe's, Cub Foods, Target, and Cliff Lake Centre, generating consistent, repeat consumer traffic throughout the corridor. Twin Cities Premium Outlets, featuring over 100 stores across 409,000 SF, is located less than two miles from the property and functions as one of the premier regional shopping destinations in the Twin Cities metro, drawing shoppers from across Minnesota and beyond.
As home to over 2,300 businesses including major employers like Thomson Reuters, Ecolab, and the Minnesota Vikings, Eagan sits at the convergence of two interstate highways and is positioned minutes from MSP International Airport, Mall of America, and both Downtown Minneapolis and Saint Paul. The broader Twin Cities metro is home to 17 Fortune 500 companies, ranking as the highest concentration of Fortune 500 headquarters per capita of any metro area in the country. Eagan's strategic location at the intersection of major transportation corridors and employment centers creates a captive consumer base of both residents and daytime workers, driving sustained demand for automotive aftermarket services.
Please refer to the OM for more information on this investment opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,600 SF
Year Built
1987
Price
$1,205,000
Price Per SF
$215.18
Cap Rate
6.50%
NOI
$78,342
Tenancy
Single
Building Height
1 Story
Property Taxes
| Parcel Number | 10-62725-03-003 | Improvements Assessment | $387,400 |
| Land Assessment | $382,000 | Total Assessment | $769,400 |
Property Taxes
Parcel Number
10-62725-03-003
Land Assessment
$382,000
Improvements Assessment
$387,400
Total Assessment
$769,400
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