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5314 Grand AveDuluth, MN 55807
O'Reilly Auto Parts
Asset ClassRetail
Deal Size: $1.1 MCap Rate: 6.75%Access Data Room
overview of deal

Overview

We are pleased to present the opportunity to acquire a single-tenant net-leased O’Reilly Auto Parts, strategically located along Grand Avenue, a heavily trafficked retail corridor in Duluth, Minnesota. This asset offers investors stable cash flow backed by a corporate-guaranteed lease with O'Reilly Auto Enterprises, LLC, an investment-grade tenant (NASDAQ: ORLY, S&P: BBB).

 

The property spans ±11,182 square feet on ±20,846 square feet of land, and is leased on a NNN basis, with the landlord responsible only for roof and structure. In 2023, the tenant executed a 10-year lease extension, demonstrating long-term commitment to the location and providing 10 years of remaining term with five (5) five-year renewal options.

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Investment Highlights

  • Corporate Lease
  • Investment Grade Tenant (NASDAQ: ORLY, S&P: BBB)
  • Tenant recently signed a 10-year extension– showing strong commitment to site
  • Fixed rent increases every 5 years
5314 Grand AveDuluth, MN 55807

Sales Team

Jon RuzickaMN Broker of Record

License #: License: MN 40583288

(952) 852-9700
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