O'Reilly Auto Parts

Cleveland
,
OH
Ohio

Call for Details

$

1,930,000

Call for Details
5.65
%
CAP Rate

465,168

Total Daytime Population within 5 Miles

~4 Miles

from Downtown Cleveland

Investment Grade Tenant

Rated BBB+ by S&P

Property details
  1. Rare 20 Year Corporate Net Lease to O'Reilly Auto Parts (NASDAQ: ORLY)
    • Approximately 16 Years Remaining
    • Scheduled 6% Rental Escalation in Primary Term and at the Start of Each Option Period
  2. Investment Grade Tenant Rated BBB+ by Standard & Poor's
  3. Built in 2020 with No Deferred Maintenance and Minimal Landlord Responsibilities
    • 20-Year Transferable Roof Warranty
  4. Sustainable Rent PSF at $14.80
  5. Prominent Retail Location Positioned at the Focal Point of the Trade Area
    • Excellent Access & Visibility Along Broadway Ave - 18,750 AADT
    • Outparcel to Broadway Shoppes Shopping Center - 557,100 Annual Visits (per Placer.ai)
  6. 73.2% of Cleveland Residents Use a Car as Their Primary Mode of Transport
  7. Approximately 4 Miles from Downtown Cleveland
    • MSA GDP of $135.7 Billion
  8. 13 Miles from Cleveland International Airport
    • Ohio's Busiest Airport
  9. Total Daytime Population of 465,168 within 5 Miles
  10. Average Household Income of $70,102 within a 5 Mile Radius
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc.
OH RE Lic #BRKP.2020001224
Property Specs
Tenancy
Single Tenant
Multi Tenant
Building Size
7,384
SF
Lot Size
0.65
AC
View Offering Memorandum
View Offering Memorandum
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc.
OH RE Lic #BRKP.2020001224