Retail

O'Reilly Auto Parts - Ramsey MN

7248 Sunwood Dr, Ramsey, MN, 55303, US

O'Reilly Auto Parts - Ramsey MN_Property for Sale

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Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a newly developed, single-tenant O'Reilly Auto Parts store in Ramsey, MN, located just minutes from downtown Minneapolis. O'Reilly Automotive, Inc. (NASDAQ:ORLY) is one of the largest retailers of auto parts and accessories in the United States with an extensive history of sales growth. This investment offers a great opportunity to acquire an investment-grade (S&P BBB+) brand on a long-term, 15 year lease with a built-in rent increase in a rapidly developing suburb of the Twin Cities.

Attributes

Asking Price
$2,275,000
Building area gross
7,225 sf
Occupancy
100.00%
Year built
2022

Investment highlights

  • Investment-grade credit from one of the largest auto parts retailers in the country
  • New construction with minimal landlord responsibilities
  • Pandemic & recession proof tenant with sustained growth through both the Great Recession of 2009 and the COVID-19 Pandemic
  • High traffic corridor along Highway 10 (40,000 VPD)
  • High growth submarket with 60% population growth in the last 20 years
  • Metropolitan support located in the Twin Cities metropolitan area

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Last updated
Nov 30, 2022