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3030 W Lincoln Way
South Bend, IN 46628
O'REILLY AUTO PARTS · Retail Property For Sale
Investment Highlights
- CREDIT TENANT: O’Reilly Automotive, Inc. (NYSE: ORLY), with a robust $67B market cap and Investment Grade credit (S&P Rated: BBB)
- STRONG RETAIL POSITIONING: Situated on the busy East/West Lincoln Way with approximately 19,000 VPD passing by, the subject property
- ASYMMETRIC VALUE: O’Reilly moved into a former Blockbuster in 2007, paying significantly less than the typical $100,000 to $150,000 rents
- FRESHLY SIGNED EARLY LEASE EXTENSION: O’Reilly agreed to an early extension of the lease for an additional FIVE YEARS
- BELOW REPLACEMENT COST: Construction costs have risen rapidly in recent years, new construction auto parts stores currently ranging from $1.75-2.50mm
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,480 SF
Building Class
C
Year Built/Renovated
1995/2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.96 AC
Zoning
CB
Parking
35 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
158’ on Lincoln Way
Property Taxes
| Parcel Number | 71-08-03-102-003.000-026 | Improvements Assessment | $222,400 |
| Land Assessment | $46,900 | Total Assessment | $269,300 |
Property Taxes
Parcel Number
71-08-03-102-003.000-026
Land Assessment
$46,900
Improvements Assessment
$222,400
Total Assessment
$269,300
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