OReilly Auto Parts
Reno, NV
Price: $1,710,000Cap Rate: Building SF: 6,600 SFLot Size: 41,253 SFYear Built: 1997Status: Under Contract

Investment Highlights: 

Investment Grade Credit Tenant  – The building is leased by O’Reilly Auto Parts (S&P: BBB+), one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States.

Commitment to Site – The tenant has renewed its lease early twice, including the recent 10-year extension, reflecting its commitment to the site and profitability at this location.

Excellent Visibility on Signalized Corner Location – The property’s location on the signalized intersection of Longley Ln (12,000 vpd) and S. Virginia St (28,000 vpd) offers excellent visibility and easy access.

Home to Tesla’s New Gigafactory – Reno/Sparks is the site of Tesla’s new Gigafactory, which could add $100 billion to the economy and has already generated major interest in the area.

Excellent Demographics – There are nearly 130,000 people within a 5-mile radius of the subject property with an average household income over $81,000.

Award Winning City – Recent accolades include #54 ranking on Livability’s “Top 100 Best Places to Live 2015” and Entrepreneur’s “3 Alternative Tech Startup Cities with Less Traffic, More Housing”.


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