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3483 W Pierson Rd, Flint, MI, 48504

O’ Reilly
$901,910

Key Information

Cap Rate
7.85%
Tot. SF
10,000
Year Built
1999
Term Remaining
±6.5 Yrs
Type
Retail
NOI
$70,800

Highlights

  • Early Lease Extension: O’Reilly Auto Parts recently committed to a 7-year lease extension at the location, bringing the term of the lease to 7 years ending in October 2031.
  • Long Term Tenancy: This site has been operating as an auto parts retailer for 25 years.
  • Automotive Capital of America: The Detroit MSA has long been known as the automotive capital of America with Ford, Chrysler & General Motors all Headquartered in the area. General Motors Flint Assembly plant is the longest running assembly plant in North America – Operating since 1947 with over 5,000 employees.
  • Below Market Rents: Operating out of a ±10,000 SF building, O’Reilly is paying nearly ½ market rent.
  • Best in Class Tenant: O’Reilly Auto Parts ($ORLY) features a market cap of ±$80B, including a BBB (S&P) investment grade credit rating.
  • High Visibility: Located along W Pierson Rd and less than a mile from interstate-75, O’Reilly benefits from seeing over ±12,000 vehicles daily.
  • Ideal Demographics: Flint’s demographics feature over 260,000 residents in a 10-mile radius with an average household income of $60,000. These demographics fit the O’Reilly Auto Parts “Do it yourself” customer base that has grown the company to over 6,000 stores nationwide.
  • Former CSK Auto Inc: 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 3 years to rebrand several hundred stores to O’Reilly Auto Parts, this rapidly expanded their operations and has made O’Reilly one of the most dominant auto parts retailers.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203