O'Reilly Auto Parts NNN Property For Sale — McKinleyville, CA
1605 Central Avenue, McKinleyville, CA 95519
This exceptional net-leased offering features a long-term commitment from a best-in-class tenant, O'Reilly Auto Parts. Having successfully operated at this location for over 26 years, O'Reilly recently executed an early 15-year lease extension with three five-year options, demonstrating their strong confidence in the site and providing investors with reliable, predictable income. O'Reilly Auto Enterprises, LLC (NASDAQ: ORLY) is a Fortune 500 company and a leading specialty retailer of automotive aftermarket parts. With an Investment-Grade Credit rating (S&P BBB+, Moody’s Baa1), this corporate lease offers institutional-quality security. The tenant maintains a dominant market position with over 6,000 locations nationwide, serving both DIY customers and professional installers, ensuring div…
- Address: 1605 Central Avenue, McKinleyville, CA 95519
- Asking price $1.88M
- 5.86% cap rate
- NOI $110,000
- 15 years remaining
- NNN lease
- Year built: 1999
- Building size: 6,600 SF
- Lot size: 0.52 acres
- Guarantor: Corporate
Location
This O'Reilly Auto Parts property is at 1605 Central Avenue in McKinleyville, California.
Asset type: Retail