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O'Reilly Auto Parts 701 Charleston Ave 7,150 SF Retail Building Mattoon, IL 61938 $1,557,000 ($217.76/SF) 6.50% Cap Rate
Investment Highlights
- NN Leased O’Reilly Auto Parts with 10 years of term remaining | Corporate guarantee
- Situated at a high-visibility hard corner | 15,300 VPD
- 1.2 miles from Cross County Mall, which attracts 1.3 million annual visitors (Placer.ai)
- Tenant has been operating at this location since 2016
- 2 miles from the on/off ramp of Interstate 57, which sees 19,300 vehicles per day
- 17,191 residents and 22,870 employees within a three-mile radius
Executive Summary
This NN-leased O’Reilly Auto Parts investment offers 10 years of remaining term and is corporately guaranteed by O’Reilly Automotive, Inc., providing secure and stable cash flow. The tenant has successfully operated at this location since 2016, demonstrating long-term commitment to the site. The lease includes four 5-year renewal options with scheduled 6% rental increases every five years, offering attractive future income growth. The property is positioned at a high-visibility hard-corner intersection along Charleston Avenue, with convenient access to Interstate 57 and proximity to the Mattoon Amtrak station. The asset benefits from strong surrounding retail drivers, including Cross County Mall and Walmart Supercenter, within a dense trade area of over 17,000 residents and nearly 23,000 employees within three miles.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,150 SF
Building Class
C
Year Built
2016
Price
$1,557,000
Price Per SF
$217.76
Cap Rate
6.50%
NOI
$101,219
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.64 AC
Zoning
Commercialnec
Parking
20 Spaces (2.79 Spaces per 1,000 SF Leased)
Frontage
200’ on Charleston Ave
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-1-04704-001 | Improvements Assessment | $242,042 |
| Land Assessment | $127,508 | Total Assessment | $369,550 |
Property Taxes
Parcel Number
07-1-04704-001
Land Assessment
$127,508
Improvements Assessment
$242,042
Total Assessment
$369,550
Contacts
-
Benjamin Shapiro -
Sean Sharko -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
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