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”.