O'Reilly Auto Parts- South-Bend-IN

Tenant recently executed a lease extension through June 2035, with three additional five-year renewal options, extending potential occupancy through 2050 and demonstrating long-term operational commitment.
Close proximity to the University of Notre Dame and South Bend International Airport.
Strong local population of 134,977 residents within a five-mile radius.
Healthy average household income of $83,531 within a five-mile radius.
Strong retail synergy with surrounding national tenants including McDonald’s, Taco Bell, Wendy’s, Arby’s and more.
Tenant is responsible for CAM, real estate taxes, insurance, HVAC, and parking lot maintenance, providing a low-management, passive investment structure.
O’Reilly Auto Parts (NYSE: ORLY) is one of the nation’s largest automotive aftermarket parts providers, serving both professional installers and do-it-yourself customers.
The lease is corporately guaranteed by O’Reilly Automotive, Inc. (S&P: BBB+), a publicly traded, investment-grade company with an approximate $75 billion market capitalization and a footprint of 6,100+ stores across the U.S., Mexico, and Puerto Rico.
As an essential retailer, O’Reilly Auto Parts maintained continuous operations and rent payments throughout the COVID-19 pandemic, demonstrating resilience across economic cycles and sustained investor appeal within the net lease sector.

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