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Freestanding For Sale • 6,480 SF
| CREDIT TENANT: O’Reilly Automotive, Inc. (NYSE: ORLY), with a robust $67B market cap and Investment Grade credit (S&P Rated: BBB), shows no slowdown. |
| In 2023, it expanded by 187 stores, sustaining double-digit net margins for a decade. |
| Situated on the busy East/West Lincoln Way with approximately 19,000 VPD passing by, the subject property lies near South Bend International Airport. |
| Construction costs have risen rapidly in recent years, new construction auto parts stores currently ranging from $1.75-2.50mm to build ($250-350 PSF) |
| O’Reilly moved into a former Blockbuster in 2007, paying significantly less than the typical $100,000 to $150,000 rents of that time for comparable. |
| The price on this asset lends itself upside per the adaptability of the real estate. It’s proven an attractive site for Nationals. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| South Bend Airport Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) | 5 min | - | 1.4 mi |
| 4 min | - | 1.4 mi | |
| Airport | Drive | Walk | Distance |
| South Bend International | 13 min | - | 3.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 35 |
| Type: | Surface |
| Included in Rent: | Yes |
