O’Reilly Auto Parts

Ultra Rare 30-Year Absolute NNN Ground Lease: O’Reilly signed a 30-year ground lease in 2009, providing an investor with over 12 years of guaranteed cash flow.

Scheduled 15% Rent Increase: Rent rises from $69,000 to $79,356 on 4/1/2029, lifting the return to a 5.75% cap. Each option period carries further increases, reaching 7.64% on today’s price by Option 3.

Proven Store, Purpose-Built: O’Reilly built this store in 2009 and has operated it continuously for 17+ years, showing a strong commitment to the location.

Infill Houston Location: Located in Houston’s East End, minutes from Downtown Houston and the Port of Houston, one of the nation’s busiest ports.

Strong Retail Synergy: The property is situated within an established retail corridor at the intersection of Lawndale Street and 75th Street, surrounded by national retailers including CVS, Family Dollar, and Subway. The property is located within one mile of major national brands such as Walmart Supercenter, Chick-fil-A, Whataburger, and Raising Cane’s along the Gulf Freeway (I-45).

Strong Demographics: Houston, TX is America’s 4th largest city with a population of nearly 2.4M residents. The 5-mile area has over 300,000 residents, with an average household income of ±$72,900 and more than $3B in annual consumer spending. Population is projected to grow to ±305,052 by 2030, a dense and growing base of DIY auto parts customers.

Income Tax Free State: Texas is one of nine states with no state income tax.

Best in Class Tenant: O’Reilly Automotive (NASDAQ: ORLY) is one of the largest auto parts retailers in America, with a market cap of about $74B. Its credit is investment grade: BBB (S&P) and Baa1 (Moody’s). The company operates 6,695 stores across the U.S., Puerto Rico, Mexico, and Canada, and plans 225–235 new stores in 2026. The lease is a corporate lease signed by O’Reilly Automotive, Inc.