O’Reilly Auto Parts – Collierville, TN

Tenancy: O'Reilly Auto Parts
Building Size: 7,725
Renewal Options: Three, 5-Year Options
Lease Expiration: 5/6/2036
Rental Increases: 6% in 2026, & Every Option Period

  • • Single-Tenant O’Reilly Auto Parts:

    ∘ Corporate Lease (O’Reilly Automotive, Inc.)

    ∘ NN+ Lease with minimal landlord responsibilities & ideal for passive investor

    ∘ 11.5-years remaining on Primary Lease Term, with three (3), 5-year options

    ∘ Rental Increase in 2026, & every option period

    • About O’Reilly Auto Parts:

    ∘ O’Reilly Automotive, Inc (NASDAQ: ORLY)

    ∘ (+) 6,152 stores spread across 48 US states, Puerto Rico, Mexico, & Canada

    ∘ Investment Grade Tenant (BBB S&P, Moodys Baa1)

    ∘ $15.8B Reported Revenue for 2023

    ∘ 65+ Years of Operational Experience

    • Below-Market, Highly Replaceable Rent of $13.50/PSF

    • Unique Brick & Metal Construction: Allowing for easy re-tenanting of property

    • Access: Full-Movement via Poplar Ave, a 26,000 car-per-day arterial

    • Highly Affluent Demographic: Collierville is the #2 highest earning zip code in the Memphis

    MSA. $213,000 Avg. HH Income within a 5-mi radius

    • Primary Commercial Node: Located in the major commercial artery of the trade area.

    Immediate retailers include Target, Kroger, Walmart Supercenter, Lowes, Home Depot,

    Chipotle & Chick-Fil-A