O’Reilly Auto Parts Hub Location
Retail
100% LEASED AND GUARANTEED BY O’REILLY AUTOMOTIVE, INC.
The Subject Property is fully leased and guaranteed by O’Reilly Automotive, Inc. (S&P: BBB). O’Reilly is ranked #314 on the Fortune 500 list and has grown their store count by 132 over the past 12 months.
MISSION CRITICAL REGIONAL HUB LOCATION
The Subject Property was built as a designated Hub store and is one of 271 locations. Hub stores are larger buildings at 10,000 SF and serve as regional support for other retail stores in the area. A typical store carries 22,000 different SKU’s (Stock Keeping Unit) and a Hub store carries 42,000 SKU’s.
STRONG PERFORMANCE THROUGH THE COVID-19 PANDEMIC
O’Reilly was recognized as an Essent ial Retailer throughout the Covid-19 Pandemic; and r ecently released strong Q3 performance metrics compared to the previous year, including: Net Sales up 20.3%; Earnings Per Share up 39.2%; and Comparable Stor e Sales up 5.0%.
PROMINENT LOCATION IN BOWLING GREEN, KENTUCKY
The Subject Property is exceedingly well located directly off Scottsville Road (20K VPD), right next to Greenwood High School; 5A High School with 1,300 enrolled students. Bowling Green is approximately 60
miles north of Nashville and 100 miles south of Louisville.
NEW BUILD-TO-SUIT AND 15 YEAR PRIMARY LEASE TERM
The Subject Property was constructed as a build-to-suit in early 2020 and the tenant signed a 15-year lease with additional options to extend the lease. There are contractual 6% rental increases in the 11th year and every five years thereafter, including the option periods.
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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.