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.