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NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
O’Reilly Auto Parts
854 Summit Street
Elgin, IL 60120 (Chicago MSA)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TABLE OF CONTENTS
TABLE OF CONTENTS
1)	 Confidentiality & Disclaimer
2)	 Executive Summary
3)	 Property Overview
4)	 Aerial
5)	 Site Plan
6)	 Maps
7)	 Tenant Profile
8)	 Demographic Comparison Report
9)	 Location Overview
10)	 Contact Information
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to
be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person
or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide
summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the
subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The
Boulder Group has not made any investigation, and makes no warranty or representation. The information contained
in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group
has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any
investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy
or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the
information set forth herein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed O’Reilly Auto
Parts property located within the Chicago MSA. The high quality building was constructed in 2008 in a densely populated
area. The lease has approximately nine years remaining and features a 10% rental escalation in the primary term and
in each renewal option period. O’Reilly Auto Parts is an investment grade rated tenant (S&P: BBB) and is publicly traded
(NASDAQ: ORLY) with a market capitalization in excess of $15.5 billion.
The 7,616 square foot retail building was constructed in 2008 along Summit Street, a primary east-west thoroughfare
in the area. The surrounding area is densely populated with over 21,000 people living within a one mile radius of the
property. Additionally, there are over 185,000 people living within a five mile radius earning average annual household
incomes of approximately $80,000. The property benefits from its location adjacent to a Jewel-Osco grocery anchored
shopping center. The property is centrally located within a strong retail corridor that features Walgreens, Sears Outlet,
Chase Bank, PNC Bank, Fifth Third Bank, and Elgin Fresh Market. Access to Interstate 90 is located approximately two
miles north of the property and Interstate 90 experiences traffic counts in excess of 103,000 vehicles per day.
O’Reilly Auto Parts has approximately nine years remaining on their net lease that expires in February 2023. The lease
features a 10% rental escalation in the primary term and in each renewal option period. O’Reilly Auto Parts is an investment
grade rated tenant (S&P: BBB) and is publicly traded (NASDAQ: BBB) with a market capitalization in excess of $15.5 billion.
INVESTMENT HIGHLIGHTS
•	Located within the Chicago MSA
•	Investment grade rated tenant (S&P: BBB)
•	10% rental escalation in the primary term and renewal 	
	 option period
•	Densely populated area with over 21,000 people living 	
	 within a one mile radius
•	Located adjacent to a Jewel-Osco grocery anchored 		
	 shopping center
•	Located along a primary east-west thoroughfare
•	Centrally located in a strong retail corridor that features 	
	 Walgreens, Sears Outlet, Chase Bank, PNC Bank, Fifth 	 	
	 Third Bank and Elgin Fresh Market
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $2,523,529
Cap Rate: 6.80%
Rent Schedule: NOI             Escalation Date    
$171,600
$188,800 3/1/2018
$207,680 3/1/2023 (Option 1)
$228,400 3/1/2028 (Option 2)
Rental Escalations: 10% Every Five Years
Renewal Options: Two 5-Year
Lease Commencement Date: February 29, 2008
Lease Expiration Date: February 28, 2023
Tenant: O’Reilly Auto Parts
Credit: Investment Grade (S&P: BBB)
Year Built: 2008
Lease Type: NN (Structure, Parking, HVAC)*
Building Size: 7,616 SF
Land Size: 33,290 SF
*Roof has a 20 year warranty with 14 years remaining
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIAL
AERIAL
SUMMIT STREET
LORDS PARK
LORDS PARK
ELEMENTARY SCHOOL
N
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
SUMMIT ROAD
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
MAPS
MAPS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
O’Reilly Automotive, Inc., together with its subsidiaries, is engaged in the retail of automotive aftermarket
parts, tools, supplies, equipment, and accessories in the United States. The company provides new and
remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system
components, batteries, belts, hoses, temperature controls, chassis parts, and engine parts; maintenance
items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and
appearance products; and accessories, such as floor mats, seat covers, and truck accessories. Its stores offer
auto body paint and related materials, automotive tools, and professional service provider service equipment.
Its stores provide do-it-yourself and professional service provider customers a selection of brand name, house
brands, and private label products for domestic and imported automobiles, vans, and trucks. As of December
31, 2013, the company operated 4,166 stores in 42 states. O’Reilly Automotive, Inc. was founded in 1957 and
is headquartered in Springfield, Missouri.
O’Reilly Auto Parts is publicly traded on the NASDAQ (ORLY) and has a market capitalization in excess of $15.5
billion. O’Reilly’s is an investment grade rated company with a Standard & Poor’s rating of BBB.
Website:	 www.oreillyauto.com
Credit Rating:	 Investment Grade (S&P: BBB)
Stock Symbol:	 ORLY (NASDAQ)
Market Capitalization:	 $15.5 billion
Number of Locations:	 4,166+
Headquarters:	 Springfield, MO
TENANT PROFILE
TENANT PROFILE
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
Total Population 21,430 87,361 185,572
Total Households 6,548 27,562 61,661
Income
Median Household Income $55,320 $55,220 $62,842
Average Household Income $69,404 $70,047 $79,891
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Elgin is a city located in both Cook and Kane counties in the northern part of Illinois approximately 35
miles northwest of downtown Chicago. As of 2013, the city had a population of 110,145, making it the
eighth-largest city in Illinois. Elgin has three stations on Metra’s Milwaukee District/West Line, which
provides daily rail service between Elgin and Chicago, Illinois. Additionally, Elgin is served by Interstate 90
which leads to downtown Chicago.
www.cityofelgin.org
Chicago is the most populous city in the Midwestern United States and the third most populous city
in the United States with 2,700,000 residents. Chicago is the county seat of Cook County, the second
largest county in the United States. The Chicago MSA is the third most populated metropolitan area in
the United States with 9,580,567 residents. The MSA covers over 1,300 square miles and six counties.
The Chicago metropolitan area is home to the corporate headquarters of 57 Fortune 1000 companies,
including Boeing, McDonald’s, Motorola, Discover Financial Services and United Airlines. Chicago is a
major hub for industry, telecommunications and infrastructure and O’Hare International Airport is the second busiest
airport in the world in terms of volume.
The metro is a major financial center in North America, and is home to the largest futures exchange in the United States,
the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the competitiveness of
financial centers based on people, business environment, market access, infrastructure and general competitiveness.
www.cityofchicago.org
LOCATION OVERVIEW
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
CONTACT INFORMATION
CONTACT INFORMATION
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
randy@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com

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Single tenant-o'reilly-auto-for-sale

  • 1. NET LEASED INVESTMENT OFFERING www.bouldergroup.com O’Reilly Auto Parts 854 Summit Street Elgin, IL 60120 (Chicago MSA)
  • 2. NET LEASED INVESTMENT OFFERING www.bouldergroup.com TABLE OF CONTENTS TABLE OF CONTENTS 1) Confidentiality & Disclaimer 2) Executive Summary 3) Property Overview 4) Aerial 5) Site Plan 6) Maps 7) Tenant Profile 8) Demographic Comparison Report 9) Location Overview 10) Contact Information
  • 3. NET LEASED INVESTMENT OFFERING www.bouldergroup.com The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. CONFIDENTIALITY & DISCLAIMER CONFIDENTITALITY & DISCLAIMER
  • 4. NET LEASED INVESTMENT OFFERING www.bouldergroup.com The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed O’Reilly Auto Parts property located within the Chicago MSA. The high quality building was constructed in 2008 in a densely populated area. The lease has approximately nine years remaining and features a 10% rental escalation in the primary term and in each renewal option period. O’Reilly Auto Parts is an investment grade rated tenant (S&P: BBB) and is publicly traded (NASDAQ: ORLY) with a market capitalization in excess of $15.5 billion. The 7,616 square foot retail building was constructed in 2008 along Summit Street, a primary east-west thoroughfare in the area. The surrounding area is densely populated with over 21,000 people living within a one mile radius of the property. Additionally, there are over 185,000 people living within a five mile radius earning average annual household incomes of approximately $80,000. The property benefits from its location adjacent to a Jewel-Osco grocery anchored shopping center. The property is centrally located within a strong retail corridor that features Walgreens, Sears Outlet, Chase Bank, PNC Bank, Fifth Third Bank, and Elgin Fresh Market. Access to Interstate 90 is located approximately two miles north of the property and Interstate 90 experiences traffic counts in excess of 103,000 vehicles per day. O’Reilly Auto Parts has approximately nine years remaining on their net lease that expires in February 2023. The lease features a 10% rental escalation in the primary term and in each renewal option period. O’Reilly Auto Parts is an investment grade rated tenant (S&P: BBB) and is publicly traded (NASDAQ: BBB) with a market capitalization in excess of $15.5 billion. INVESTMENT HIGHLIGHTS • Located within the Chicago MSA • Investment grade rated tenant (S&P: BBB) • 10% rental escalation in the primary term and renewal option period • Densely populated area with over 21,000 people living within a one mile radius • Located adjacent to a Jewel-Osco grocery anchored shopping center • Located along a primary east-west thoroughfare • Centrally located in a strong retail corridor that features Walgreens, Sears Outlet, Chase Bank, PNC Bank, Fifth Third Bank and Elgin Fresh Market EXECUTIVE SUMMARY EXECUTIVE SUMMARY
  • 5. NET LEASED INVESTMENT OFFERING www.bouldergroup.com PROPERTY OVERVIEW PROPERTY OVERVIEW Price: $2,523,529 Cap Rate: 6.80% Rent Schedule: NOI Escalation Date $171,600 $188,800 3/1/2018 $207,680 3/1/2023 (Option 1) $228,400 3/1/2028 (Option 2) Rental Escalations: 10% Every Five Years Renewal Options: Two 5-Year Lease Commencement Date: February 29, 2008 Lease Expiration Date: February 28, 2023 Tenant: O’Reilly Auto Parts Credit: Investment Grade (S&P: BBB) Year Built: 2008 Lease Type: NN (Structure, Parking, HVAC)* Building Size: 7,616 SF Land Size: 33,290 SF *Roof has a 20 year warranty with 14 years remaining
  • 6. NET LEASED INVESTMENT OFFERING www.bouldergroup.com AERIAL AERIAL SUMMIT STREET LORDS PARK LORDS PARK ELEMENTARY SCHOOL N
  • 7. NET LEASED INVESTMENT OFFERING www.bouldergroup.com SITE PLAN SITE PLAN SUMMIT ROAD
  • 8. NET LEASED INVESTMENT OFFERING www.bouldergroup.com MAPS MAPS
  • 9. NET LEASED INVESTMENT OFFERING www.bouldergroup.com O’Reilly Automotive, Inc., together with its subsidiaries, is engaged in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories. Its stores offer auto body paint and related materials, automotive tools, and professional service provider service equipment. Its stores provide do-it-yourself and professional service provider customers a selection of brand name, house brands, and private label products for domestic and imported automobiles, vans, and trucks. As of December 31, 2013, the company operated 4,166 stores in 42 states. O’Reilly Automotive, Inc. was founded in 1957 and is headquartered in Springfield, Missouri. O’Reilly Auto Parts is publicly traded on the NASDAQ (ORLY) and has a market capitalization in excess of $15.5 billion. O’Reilly’s is an investment grade rated company with a Standard & Poor’s rating of BBB. Website: www.oreillyauto.com Credit Rating: Investment Grade (S&P: BBB) Stock Symbol: ORLY (NASDAQ) Market Capitalization: $15.5 billion Number of Locations: 4,166+ Headquarters: Springfield, MO TENANT PROFILE TENANT PROFILE
  • 10. NET LEASED INVESTMENT OFFERING www.bouldergroup.com DEMOGRAPHIC COMPARISON REPORT DEMOGRAPHIC COMPARISON REPORT Population 1-mi 3-mi 5-mi Total Population 21,430 87,361 185,572 Total Households 6,548 27,562 61,661 Income Median Household Income $55,320 $55,220 $62,842 Average Household Income $69,404 $70,047 $79,891
  • 11. NET LEASED INVESTMENT OFFERING www.bouldergroup.com Elgin is a city located in both Cook and Kane counties in the northern part of Illinois approximately 35 miles northwest of downtown Chicago. As of 2013, the city had a population of 110,145, making it the eighth-largest city in Illinois. Elgin has three stations on Metra’s Milwaukee District/West Line, which provides daily rail service between Elgin and Chicago, Illinois. Additionally, Elgin is served by Interstate 90 which leads to downtown Chicago. www.cityofelgin.org Chicago is the most populous city in the Midwestern United States and the third most populous city in the United States with 2,700,000 residents. Chicago is the county seat of Cook County, the second largest county in the United States. The Chicago MSA is the third most populated metropolitan area in the United States with 9,580,567 residents. The MSA covers over 1,300 square miles and six counties. The Chicago metropolitan area is home to the corporate headquarters of 57 Fortune 1000 companies, including Boeing, McDonald’s, Motorola, Discover Financial Services and United Airlines. Chicago is a major hub for industry, telecommunications and infrastructure and O’Hare International Airport is the second busiest airport in the world in terms of volume. The metro is a major financial center in North America, and is home to the largest futures exchange in the United States, the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the competitiveness of financial centers based on people, business environment, market access, infrastructure and general competitiveness. www.cityofchicago.org LOCATION OVERVIEW LOCATION OVERVIEW
  • 12. NET LEASED INVESTMENT OFFERING www.bouldergroup.com CONTACT INFORMATION CONTACT INFORMATION 666 Dundee Road, Suite 1801 Northbrook, IL 60062 Randy Blankstein President 847.562.0003 randy@bouldergroup.com Jimmy Goodman Partner 847.562.8500 jimmy@bouldergroup.com