Strong Corporate Lease Guaranty – Investment Grade Credit Tenant – $8.9B in Sales & $7.5B in Total Assets (2017) – 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 5,190 store locations in 47 U.S. states.
O’Reilly Auto Parts has an investment grade credit rating of “BBB+” by Standard & Poor’s and reported $8.9B in total sales with $7.5B in total assets for 2017.
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 – 2017 Build to Suit – Attractive Red Brick Column Construction – Passive Investment – O’Reilly’s new 20-year lease commenced in January 2017 and features 7% rent increases starting in Year 11 of the Primary term and every 5 years thereafter, including the (4) 5-year option periods.
This building design consists of attractive red brick column construction and is a newer 2017 build to suit for O’Reilly Auto Parts. The Landlord is responsible for the roof & structure. The tenant pays taxes and insurance while maintain the repair & replacement of the roof membrane, sidewalks and HVAC.
Located In a Main Retail/Business Corridor – Excellent Retail Synergy – The subject property benefits from nearby retailers including Piggly Wiggly, McDonald’s, Taco Bell, BP Oil, Dunkin Donuts, Old National Bank, Walgreens, BMO Harris Bank, Milio’s Sandwiches, US Bank, and many more. Waunakee Village offices such as the Police Department, Fire Department, Emergency Medical Services, and School District offices surround the property as well, providing for strong synergy.
Located in the Highly Desirable Madison Market (MSA) – State Capital City of Wisconsin – Home of the University of Wisconsin – The subject property resides within the town of Waunakee, in Dane County, Wisconsin. Waunakee is conveniently located just 13 miles northwest of Madison, Wisconsin’s second largest city and is part of the Madison Metropolitan Statistical Area. Waunakee’s short distance from Chicago, Minneapolis, and the Quad Cities allows the Village to expand beyond local markets.
Home to the fastest growing population of any county in Wisconsin, Dane County boasts a highly educated workforce to power its diverse and innovative industries. With assets in information technology, life sciences, and agriculture, Dane County consistently ranks among the top areas to live and work.