The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased O\u2019Reilly Auto Parts property located at 711 North Water Street in Pinckneyville, Illinois for $1,751,280.<\/p>\n
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\u2019s, Dollar General, Casey\u2019s, 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.<\/p>\n
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.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the both sides in the transaction.\u00a0 The buyer was Northeast based real estate investment firm. The seller was a private real estate company.<\/p>\n
\u201cLong term leases to investment grade tenants, like O\u2019Reilly Auto Parts, continue to trade regularly,\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cAutomotive tenants are in favor amongst private investors.\u201d<\/p>\n