O'REILLY AUTO PARTS

BRAND NEW 10-YEAR EXTENSION: Effective March 7, 2025, O’Reilly committed to a 10-year lease extension with 0 concessions. This extension includes a 10% rent increase starting March 1, 2026, and every 5 years after, including each of the four, 5-year renewal options.
RARE ABSOLUTE NNN LEASE: O’Reilly operates under an absolute NNN lease. Traditional built-to-suit O’Reilly Auto Part stores feature landlord responsibilities such as roof/structure, making this an excellent opportunity for investors seeking a passive investment property.
OUTSTANDING STORE PERFORMANCE: Reported store sales on this location are nearly double the national average for O’Reilly Auto Parts. Please contact agent for more information.
BELOW MARKET RENTS: Per Costar.com, current retail rents are ±$24/SF. O’Reilly is paying nearly $10/SF below market rent, which provides significant safety to the investment and further illustrates the tenant’s desire for the recent long-term commitment.
HIGH TRAFFIC COUNTS: Strategically situated A St. (±27,800 VPD), a main artery providing access to HWY-4, which boasts ±134,000 VPD.
STRONG DEMOGRAPHICS: The Antioch market provides an ideal customer base for O’Reilly Auto Parts with over 178,711 residents within a 5-mile radius and an average household income of approximately $127,152.
BEST-IN-CLASS TENANT: O’Reilly Auto Parts operates over 6,000 stores nationwide and holds an investment-grade credit rating of BBB (S&P 500). With a market cap of nearly ±90 billion, O’Reilly’s stock ($ORLY) has seen a remarkable ±250% increase over the past five years and is up approximately 35% YTD.
PROVEN LOCATION: Previously under the CSK Auto, Inc. banner, this location has been an auto parts retailer for over 28 years. In April of 2008, O’Reilly signed a deal to acquire all of CSK Auto Inc’s. common stock and debt for approximately $1 billion, taking roughly three years to rebrand several hundred stores to O’Reilly Auto Parts, this rapidly expanded their west coast operations and has made O’Reilly one of the most dominant auto parts retailers.

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David Harrington