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

O. 760.448.2446
F. 760.929.9977

Ryan Bennett

O. 760.448.2449
F. 760.929.9977