Strong Corporate Lease Guaranty – Investment Grade Credit Tenant (S&P: BBB+) – $9.5B in Sales & $7.9B in Total Assets (2018) – The property is leased to publicly traded O’Reilly Auto Parts, one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. O’Reilly Auto Parts operates 5,219 store locations across the country. O’Reilly Auto Parts has an investment grade credit rating of “BBB+” by Standard & Poor’s and reported $9.5B in total sales with $7.9B in total assets for 2018. 

Located Just 13 Miles from Madison – Highly Desirable Demographics – Hard Corner Location Near Intersection of Hwys 19 & 113 (25,000+ CPD Combined)  – The subject property is located just 13 miles NW from Madison and sits on the hard corner intersection of W. Main Street/Hwy 19 and S. Klein Dr, a block from where Hwy 19 & Hwy 113 intersect. This strategic location offers excellent visibility to combined 25,000 cars per day and provides multiple access points in/out of the property.

The property’s location provides an investor with stellar demographics. There is an average household income of $126,000 within a 3-mile radius and provides for an estimated 9,125 households within a 5-mile radius of the subject property .

New 20 Year Lease Term Commenced November 2018 – Complete Renovations to Latest O’Reilly BTS Design (2017) – Passive Investment – O’Reilly’s new 20-year lease commenced in November 2018 and features a 6% rent increase starting in Year 11 of the Primary term and in each of the (4) 5-year option periods. The building design consists of the most recent O’Reilly build to suit concept specification. The Landlord is responsible for the roof, structure and foundation, while the tenant pays taxes and insurance while maintaining & repairing the parking lot and sidewalks, as well as the maintenance, repair and replacement of the HVAC equipment.

Located Across from Walmart Supercenter – Strong Co-Tenants – Consistent Draw to Trade Area – The subject property is located across from a Walmart Supercenter anchored shopping center, with co-tenants including U.S. Cellular, Arby’s, Papa Murphy’s, and Tricor Insurance, offering outstanding synergy and a strong customer draw to the trade area.

Located on Main Retail/Business Corridor in/out of Downtown – Excellent Visibility  – The subject property is located along E. Main St, providing for excellent visibility and in/out access to the property. E. Main Street is the main corridor for visitors and commuters traveling to/from Interstate 94 just one mile away. This corridor is a major retail/services corridor, with retailers including Walmart, Theisen’s, US Cellular, Dollar General, Kwik Trip, USPS, Boss Shop, Chevrolet, and Jackson County Bank, as well as restaurants such as McDonald’s, Pizza Hut, Burger King, KFC, Culver’s, and Denny’s. Additionally, the property is close to downtown Black River Falls, surrounding school, and Jackson County offices such as the Police Department, Fire Department, providing for strong synergy. 

Located in Black River Falls/Jackson County – 54 Miles from Eau Claire – Major Agriculture & Tourism Industries Boost Economy  – The subject property is located in Black River Falls, in Jackson County, WI. Black River Falls is centrally located; it is an hour from La Crosse, Eau Claire or the Wisconsin Dells, and only a couple of hours from the Twin Cities and Madison The city acts as a gateway to many major travel destinations throughout Wisconsin and neighboring states.

While the logging and lumber industry is still present in the area, the current economy leans heavily on agriculture and tourism. Family-owned farms, food processors and agriculture-related businesses generate thousands of jobs and millions of dollars of economic activity while contributing to local income and tax revenues. Agriculture provides 18 percent of Jackson County’s jobs and generates $375.7 million in economic activity — about 22 percent of the county’s total economic activity. Today, hemp is experiencing a huge rebirth. According to the Hemp Business Journal, the U.S. hemp industry is currently worth $800 million and projected to reach $2 billion in just a few years. Last year, Wisconsin’s first hemp store, PriceLand Hemp opened in downtown Black River Falls.  

The area offers an amazing assortment of activities for outdoor enthusiasts throughout all four seasons: ATV/UTV access, mountain biking, and hiking along miles of wilderness trails in the Black River State Forest and the Jackson County Forest; rivers for kayaking, floating, and white water rafting; evening entertainment at Ho-Chunk Gaming Casino; and enjoying a beer at Sand Creek Brewing Company, one of Wisconsin’s largest microbreweries

Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977