Net Lease O’Reilly Sale Arranged Date May 26, 2022
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased O’Reilly Auto Parts property located at 711 North Water Street in Pinckneyville, Illinois for $1,751,280.
The 7,225 square foot property is positioned just off of West Water Street which experiences 7,500+ vehicles per day. The property features new construction and a 15-year lease that commenced in February 2022. Tenants in the area include Save A Lot, McDonald’s, Dollar General, Casey’s, Manns Sporting Goods, and more. There are 8,505 people living within five miles of the property earning an average annual household income of $64,256. The property is roughly 70 miles south east of Saint Louis, Missouri.
O’Reilly Automotive, Inc., together with its subsidiaries, operates as a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. Its stores provide do-it-yourself and professional service provider customers a selection of products for domestic and imported automobiles, vans, and trucks. As of December 31, 2020, the company operated 5,616 stores. O’Reilly Automotive, Inc. was founded in 1957 and is headquartered in Springfield, Missouri.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the both sides in the transaction. The buyer was Northeast based real estate investment firm. The seller was a private real estate company.
“Long term leases to investment grade tenants, like O’Reilly Auto Parts, continue to trade regularly,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Automotive tenants are in favor amongst private investors.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $6 billion of single tenant net lease real estate transactions. From 2012-2021, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.comBack