6404 Pacific Ave
Stockton, CA 95207
O'Reilly Auto Parts · Retail Property For Sale

INVESTMENT HIGHLIGHTS -Recent Extension – O’Reilly Auto Parts recently extended the term by 10 years and increased their rent by 5%, showing strong commitment to the location -Larger Footprint – This store is nearly as large as O’Reilly Auto Parts’ “Super Hub” stores that carry about 3x as much inventory as a normal one. That means that this store has the capacity to support surrounding smaller ones and is less likely to run into inventory issues -New Roof – The roof was recently replaced 4 years ago and came with a warranty, allowing this investment to essentially operate as a NNN deal -Longstanding Operating History – O’Reilly Auto Parts, formerly Kragen Automotive, has been operating at this location since 1994 and will have been at this location for 35 years by the end of the base term -Hard Corner on Major Thoroughfare – Pacific Ave is one of the major thoroughfares in Stockton with 38,000+ vehicles per day and this property sits on the corner of Pacific Ave and Douglas Rd -Dense, Growing Market – There are an astounding 20,000+ residents within a 1-mile radius, 178,000+ within a 3-mile, and 279,000+ within a 5-mile. On top of that, each have an expected growth of 5%+ over the next 5 years -Strong Retail Corridor – The immediate vicinity features a surplus of notable retailers such as Trader Joe’s, Safeway, Grocery Outlet, CVS, Bevmo!, Verizon, UPS, Chase Bank, Chuck E. Cheese’s, and many more -Strong Investment Grade Credit – O’Reilly Auto Parts boasts strong investment grade credit of BBB along with AutoZone, Walgreens, AT&T, Sherwin-Williams, Kroger, and Fedex to name a few. -Increasing Performance – O’Reilly ended 2018 with a total revenue of $9.53 Billion which was up from 2017’s revenue of $8.97 Billion