EXCLUSIVE LISTING O’Reilly Auto Parts | Ft. Lauderdale ...

[Pages:5]OEX'RCeiLllUy SAIuVtoEPLaIrStTs I|NFtG. Lauderdale (Plantation), FL

Offering Memorandum

O'Reilly Auto Parts | Ft. Lauderdale (Plantation), FL

Actual Site

PATRICK NUTT

MANAGING PARTNER

(954) 302-7365 patrick.nutt@

DOUG ARONSON

MANAGING DIRECTOR

(954) 514-9477 daronson@

CCAALLKKAAIINN..CCOOMM

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O'Reilly Auto Parts | Ft. Lauderdale (Plantation), FL Offering Memorandum

Financial Summary

700 S SR-7 | Plantation, FL 33309 Asking Price $2,500,000 | Cap Rate 5.20%

Net Operating Income (NOI) Rent/Month Rent/SF Rentable Square Feet Land Area Tenant Name Credit Rating Stock Symbol Guarantor Ownership Type Lease Type Landlord Responsibilities Store Open Lease Term Remaining Rent Commencement Lease Expiration Increases Options

$130,000 $10,833.33

$18.06 7,200+/- SF 1.15+/- Acres O'Reilly Auto Parts S&P: BBB+ NYSE: ORLY

Corporate Fee Simple

NN Roof & Structure December 2016

18+ Years December 13, 2016 December 31, 2036 6% in Year 11 and Every 5 Years Thereafter Four (4), Five (5) Year

Rent Schedule

Term

Increases Annual Rent Monthly Rent

Years 1-10

-

$130,000.00 $10,833.33

Years 11-15

6% $137,800.00 $11,483.33

Years 16-20

6% $146,068.00 $12,172.33

Years 21-25 (Option 1) 6% $154,832.06 $12,902.67

Years 26-30 (Option 2) 6% $164,121.96 $13676.83

Years 31-35 (Option 3) 6% $173,969.26 $14,497.44

Years 36-40 (Option 4) 6% $184,407.39 $15,367.28

Rent/SF $17.62 $18.67 $19.79 $20.98 $22.24 $23.57 $24.99

Investment Highlights

?? In demand South Florida location ?? New construction: concrete & brick ?? 18+ year corporate lease ?? Investment grade tenant (S&P: BBB+) ?? O'Reilly has more than 5,021 stores in 47 states with a market cap of

$18.57 Billion (april 2018) ?? Florida has no state income tax

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O'Reilly Auto Parts | Ft. Lauderdale (Plantation), FL Offering Memorandum

Tenant Overview

About O'Reilly Auto Parts

O'Reilly Automotive, Inc. (Nasdaq: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers.

On October 26, 2016, O'Reilly announced that it was acquiring Bond Auto Parts, a 51 store chain headquartered in Vermont with locations in New Hampshire, Massachusetts, and New York as well.

Founded in 1957 by the O'Reilly family, the Company operated 5,021 stores in 47 states as of December 31, 2017.

Tenant Snapshot

# of Locations 5,021

Stock Symbol Nasdaq: ORLY

Credit Rating S&P: BBB+

2017 Revenue $8,977Bil

Market Cap $18.57Bil

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O'Reilly Auto Parts | Ft. Lauderdale (Plantation), FL Offering Memorandum Site Photos

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O'Reilly Auto Parts | Ft. Lauderdale (Plantation), FL Offering Memorandum

Location Overview

Distance To:

Fort Lauderdale Pompano Beach Boca Raton Miami

5 miles 13 miles 22 miles 27 miles

Boca Raton Pompano Beach

75

PlantationLaudFoerrtdale

Subject Site

95 Hollywood

Miami

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O'Reilly Auto Parts | Ft. Lauderdale (Plantation), FL Offering Memorandum

700 S SR-7 | Plantation, FL 33309

Florida's Turnpike 101,100 VPD State Rd 7 48,000 VPD

Fort Lauderdale Country Club

W Broward Blvd 54,500 VPD Subject Site

Davie Blvd

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O'Reilly Auto Parts | Ft. Lauderdale (Plantation), FL Offering Memorandum

700 S SR-7 | Plantation, FL 33309

Subject Site

Melrose Inn

State Rd 7 48,000 VPD

SW 6th St SW 8th St

Center for Youth Development & Academic Excellence

Plantation Coin Laundry

Eye Care

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O'Reilly Auto Parts | Ft. Lauderdale (Plantation), FL Offering Memorandum

Market Overview

Fort Lauderdale, FL

Fort Lauderdale is a city in the U.S. state of Florida, 28 miles north of Miami. It is the county seat of Broward County. As of the 2016 census, the city had a population of 178,764. It is a principal city of the Miami metropolitan area, which was home to an estimated 6,012,331 people at the 2015 census. The city is a popular tourist destination, with an average year-round temperature of 75.5 ?F, and 3,000 hours of sunshine per year. Greater Fort Lauderdale which takes in all of Broward County hosted 12 million visitors in 2012, including 2.8 million international visitors. The city and county in 2012 collected $43.9 million from the 5% bed tax it charges, after hotels in the area recorded an occupancy rate for the year of 72.7 percent and an average daily rate of $114.48. The district has 561 hotels and motels comprising nearly 35,000 rooms. Forty six cruise ships sailed from Port Everglades in 2012. Greater Fort Lauderdale has over 4,000 restaurants, 63 golf courses, 12 shopping malls, 16 museums, 132 nightclubs, 278 parkland campsites, and 100 marinas housing 45,000 resident yachts. Fort Lauderdale is a major manufacturing and maintenance center for yachts. The boating industry is responsible for over 109,000 jobs in the county. With its many canals, and proximity to the Bahamas and Caribbean, it is also a popular yachting vacation stop, and home port for 42,000 boats, and approximately 100 marinas and boatyards. Additionally, the annual Fort Lauderdale International Boat Show, the world's largest boat show, brings over 125,000 people to the city each year. The downtown area is the largest in Broward County, although there are other cities in the county with commercial centers. Office buildings and highrises include Las Olas River House, Las Olas Grand, 110 Tower (formerly AutoNation Tower), Bank of America Plaza, One Financial Plaza, Broward Financial Center, One East Broward Boulevard, Barnett Bank Plaza, PNC Center, New River Center, One Corporate Center, SunTrust Centre, 101 Tower, and SouthTrust Tower.

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