Net Leased O’Reilly Auto Parts Super Hub Sold Date January 2, 2025
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant O’Reilly Auto Parts located at 2881 East 81st Avenue Hobart, Indiana for $5,800,000.
The 42,097 square-foot building benefits from its position along East 81st Avenue, a primary thoroughfare that experiences over 65,400 vehicles per day. The property is also located just west of Interstate 65, which links Chicago and Indianapolis, and carries a daily traffic flow of 67,400 vehicles. Additionally, the newly constructed O’Reilly Auto Parts is placed on an outparcel to The Home Depot and Target. The surrounding area is comprised of several shopping centers including Southlake Mall. Neighboring tenants occupying the other centers include Sam’s Club, Walmart, Costco, Lowe’s, Best Buy, Dick’s Sporting Goods, Hobby Lobby, and many others. There are over 89,100 people living within a five-mile radius that earn an average household income in excess of $89,200.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Midwest based developer, and the buyer was a Midwest-based real estate investment trust.
Founded in 1957 with a single store in Springfield, Missouri, O’Reilly Auto Parts has evolved into a prominent player in the automotive aftermarket industry.
“The O’Reilly Super Hub locations serve as new, mission-critical retail and distribution centers supporting surrounding stores,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, also of The Boulder Group, added, “Credit tenant properties, like O’Reilly Auto Parts, continue to garner the most demand.”
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