O’Reilly Auto Parts of DeMotte
FOR SALE // New Construction 2022
DeMotte, IN
O'Reilly Auto Parts is located on State Highway 231 (Halleck Street) at the heart of DeMotte.
Trade Area: Chicago – Michigan City MSA
Property Size
7,453 Square Feet
Availability
O’Reilly Auto Parts of DeMotte Leasing Plan
| Square Footage | ||
|---|---|---|
“BBB “ Standard & Poor’s Credit Rating Fortune 500 Company. Second largest auto parts chain in the US. The current market cap is over $45B, 2021 annual revenue is over $11.6B. Multi-year growth in both Sales and Net Worth.
Great Location – Located on U.S. Highway 231 (South Halleck Street) in the heart of the retail shopping, restaurant, and banking district. Nearby retailers include Strack &Van Til, CVS, Walgreens McDonalds, Pizza Hut, Taco Bell and more.
Minimal Landlord Responsibilities – This lease offers landlords a limited involvement because the tenant is responsible for taxes, insurance, HVAC, property maintenance and landscaping. The landlord’s responsibility is limited to the roof, slab, structure and parking lot.
This is a recession resistant and mandated essential business in a secure market with great visibility and strong traffic counts.
| Price | $2,020,455 |
| Current Term Expires | May 31, 2037 plus four (4) five-year options with 6% rental escalations |
| NOI | $111,125 |
| Cap Rate | 5.50% |
| Leasable Area | 7,453 s.f. |
| NN | Roof (warranty through 2047), Structure, Foundation, Parking Lot |
Broker of Record
John P. Fulkerson
Broker
License No. RB 14030404
(219) 863-8023
The Hamstra Group Realty LLC.
219/956-3111 ext. 234
