Tenant Description
O’Reilly Auto Parts was founded in 1957 and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. They serve both professional service providers and do-it-yourself customers. This dual strategy contributes to O’Reilly’s success and is one of the competitive advantages O’Reilly has over its competitors, along with its strong distribution network.
What We Like About O’Reilly Auto Parts
Strong Corporate Guarantee & Great Brand Recognition. The Auto Parts Industry has proven to be an e-commerce resistant business model.
What To Look For When Buying An O’Reilly Auto Parts
Leases Can Vary Between Complete NNN (Zero Landlord Responsibilities) and NN+ (Landlord Responsible for Roof & Structure), Typically There Are No Rental Increases In The Primary Term
Competition
What Is Sold In An O’Reilly Auto Parts
O’Reilly sells an extensive line of new, aftermarket and remanufactured automotive parts, maintenance items, tooling supplies, accessories, automotive tools, and professional service equipment.
If O’Reilly Auto Parts Vacates, How Do I Re-Tenant The Building?
Dollar Stores such as Dollar General, Family Dollar, and Dollar Tree often backfill old vacant auto parts buildings. Medical uses such as Davita Dialysis and Fresenius have also taken over this footprint. Like any investment in the triple net sector, you must do your research on how strong the intrinsics of the real estate are. Not all O’Reilly Auto Parts will be located in dense retail corridors.
O’Reilly Auto Parts Website
Corporate Office Location
233 S Patterson Ave, Springfield, MO 65802
Fast Facts
As of January 2019 the company operates 5,000+ stores employing 75,000+ workers across 45+ states
Ranked #329 on the Fortune 500 company list in 2017
