O'REILLY AUTO PARTS

[Pages:10]O'REILLY AUTO PARTS

Absolute NNN Single Tenant Lease | Offering Memorandum E/SEC of Ironwood Drive & Apache Trail | Apache Junction, Arizona

WE ARE THE CENTER

OF RETAIL

EXCLUSIVELY OFFERED BY:

CHRIS HOLLENBECK

+1 602 224 4475 | AZ Lic #SA584876000 chris.hollenbeck@

SHANE CARTER

+1 602 224 4442 | AZ Lic #SA673156000

shane.carter@

ACTUAL LOCATION

NET LEASE INVESTMENTS 2

INVESTMENT HIGHLIGHTS

? Single tenant retail investment opportunity, featuring O'Reilly Auto Parts

? Strong performing location that pulls from a large trade area

? Zero landlord responsibilities ? O'Reilly Auto Parts (NYSE: ORLY) recently signed an

early lease extension for 8 years ? Early extension shows O'Reilly has commitment to

the location ? Located at the retail hub of Apache Junction that

supports all residents in the outlying communities ? Corporate signed lease ? Ideal demographics for O'Reilly's customers ? Low rent per square foot

EXECUTIVE SUMMARY

PRICING SUMMARY

PRICE:

$1,568,064

CAP RATE: NOI:

6.25% $98,004

PROPERTY SUMMARY

ADDRESS:

1401 West Apache Trail Apache Junction, AZ

BUILDING SIZE: TENANT: YEAR BUILT:

?6,000 SF

O'Reilly Auto Parts (NYSE: ORLY)

2003

LEASE TYPE:

Absolute NNN

DESCRIPTION:

Single Tenant Freestanding

PARCEL NUMBER: 101-16-0200

PARCEL SIZE:

?1.01 AC

COUNTY: ZONING:

Pinal C-3 City of Apache Junction

2

LEASE ABSTRACT

EXECUTIVE SUMMARY

TENANTS NAME

O'REILLY AUTO ENTERPRISES, LLC DBA O'REILLY AUTO PARTS

RENTABLE SF

?6,000 SF

LEASE TYPE

ABSOLUTE NNN

LEASE TERM REMAINING

LEASE COMMENCEMENT DATE

6.5 YEARS NOVEMBER 21, 2003

LEASE EXPIRATION DATE NOVEMBER 30, 2025

CURRENT ANNUAL RENT $98,004

RENT INCREASES

CPI OR 10% INCREASE FOR EACH RENEWAL

OPTIONS TO RENEW

THREE (3), FIVE (5) YEAR OPTIONS

TENANT OBLIGATIONS

TENANT IS RESPONSIBLE FOR TAXES, INSURANCE, UTILITIES, RECONSTRUCTION, REPAIRS, AND MAINTENANCE

LANDLORD OBLIGATIONS NONE

RENT ROLL

TERM INITIAL OPTION 1 OPTION 2 OPTION 3

DATE 1/1/17 - 11/30/25

MONTHLY RENT

$8,167

ANNUAL RENT

$98,004

$/SF $16.33

12/1/25 - 11/30/30

CPI OR 10% INCREASE

12/1/30 - 11/30/35

CPI OR 10% INCREASE

12/1/35 - 11/30/40

CPI OR 10% INCREASE

3

TENANTS PROFILE

EXECUTIVE SUMMARY



O'Reilly Auto Parts is one of the largest suppliers of auto parts, offering retail customers, jobbers, and professional installers the best combination of price and quality. They officially opened for business in 1957. The company history began in 1914, with Charles Francis O'Reilly, who was working as a traveling salesman for Fred Campbell Auto Supply in St. Louis. By 1924, Charles had become familiar with the Springfield area, having traveled by train to sell auto parts throughout the territory. By 1932, he had become manager of Link Motor Supply in Springfield. One of his sons, Charles H. (Chub) O'Reilly, had also joined the company. Together they provided the leadership and management that made Link the predominant auto parts store in the area. In 1957, Link planned a reorganization, which would have included the retirement of 72-year-old Charles F. O'Reilly, and the transfer of C. H. O'Reilly to Kansas City. Since neither agreed with these plans, they made the decision to form their own company, O'Reilly Automotive, Inc. They opened for business on December 2, 1957 with one store and 13 employees at 403 Sherman in Springfield. O'Reilly Auto Parts has since grown to 4,985 stores in 47 states and they continue to specialize in the sale of auto parts, tools, supplies, equipment, and accessories.

? $8.5 Billion in Revenue ? Market Cap of $22.62 Billion ? 4,985 Locations

TENANT HIGHLIGHTS ? NYSE Stock Symbol: ORLY ? Credit Rating: S&P BBB+ / Moody's Baa1 ? 75,000 Employees

PROPOSED ELEVATION

4

AERIAL MAP

N

SUPERCENTER

MERIDIAN RD IRONWOOD DR

IDAHO RD

PROPERTY OVERVIEW

1ST AUTO & MARINE

MANNY'S TIRES, GLASS & TINT

MALONE'S QUALITY TIRE

APACHE JUNCTION RV SERVICES & SUPPLY

RJ'S ROCKIN AUTOMOTIVE

DOUG'S TRANSMISSON

A-1 AUTO & MUFFLER REPAIR

SUPERSTITION BLVD

APACHE JUNCTION TIRES & SERVICE

ARNOLD AUTO CENTER

APACHE TRL

MOUNTAIN VIEW AUTOMOTIVE

JAMES TIRE SALES

PATRIOT'S TRANSMISSIONS & AUTOMOTIVE

SITE

APACHE JUNCTION PUBLIC LIBRARY

APACHE JUNCTION CITY HALL

APACHE JUNCTION

MVD

APACHE

TR

L

B R OA DWAY AV E

NORTHERN ARIZONA UNIVERSITY

No representation or warranty is made as to the accuracy of any aspect of this drawing. It is provided strictly for illustration purposes.

25

SITE PLAN

PROPERTY OVERVIEW

PARCEL LOTS

UPDATE A-1 AUTO &

MUFFLER REPAIR

RJ'S ROCKIN AUTOMOTIVE

DOUG'S TRANSMISSON

APACHE TRL

JAMES TIRE SALES

SELF STORAGE

SITE

PATRIOT'S TRANSMISSIONS & AUTOMOTIVE

ARIZONA KAWASAKI

ARNOLD AUTO CENTER

IRONWOOD DR

No representation or warranty is made as to the accuracy of any aspect

26

of this drawing. It is provided strictly for illustration purposes.

DEMOGRAPHICS

5 MILES

MCKELLIPS RD

3 MILES

MCDOWELL RD

RED MOUNTA IN D ISTRIC T PAR K

VIEW POINT GOLF COURSE

MAIN ST

BROWN RD UNIVERSITY DR

BROADWAY RD

LOST DUTCHMAN BLVD

1 MILE

SUPERSTITION BLVD

SOUTHERN AVE

BASELINE RD

SU PER ST IT ION G AT E WAY E A ST

AUGUSTA RANC H

G OLF CLUB SUNLA ND SPRINGS VILLAGE

GUADALUPE RD

GOLF COURSE

WARNER RD

ELLIOT RD

MOUNTAIN RD MERIDIAN RD

VINEYARD RD

ASU EAST

POWER RD SOSSAMAN RD ELLSWORTH RD

TOMAHAWK RD GOLDFIELD RD

MOUNTAIN VIEW RD BARKLEY RD

MARKET OVERVIEW

DENSLEY POPULATED TRADE AREA

More than 125,636 residents within 5 miles with an average household income of $64,850

POPULATION GROWTH

1 MILE 3 MILE 5 MILE 2010 10,057 56,770 113,442 2017 10,735 62,371 125,636 2022 11,157 66,277 134,966

AVERAGE HH INCOME

1 MILE 3 MILE 5 MILE 2017 $46,586 $56,421 $64,850 2022 $53,575 $64,926 $74,160

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P H O E N I X is the capital, and largest city, of the state of Arizona as well as the county seat of Maricopa County. With 1,445,632 people (as of the 2010 U.S. Census), Phoenix is the most populous state capital in the United States, as well as the fifth most populous city nationwide. The Phoenix Metropolitan Statistical Area (MSA) (officially known as the PhoenixMesa-Glendale MSA), is one of 10 MSAs in Arizona, and is the 12th largest in the United States, with a total population of 4,574,351 according to the Census Bureau's 2015 population estimates. Consisting of parts of both Pinal and Maricopa counties, the Phoenix MSA accounts for 65.5% of the total population of the state of Arizona.

AREA OVERVIEW

The greater Phoenix area's sunny climate, vibrant lifestyle and prospering business community attract thousands of visitors, new residents and entrepreneurs annually. The nation's fifth-largest city, Phoenix continues to grow and remains a desirable destination for travelers and dreamers alike. The population growth rate of the Phoenix metro area has been nearly 4% per year for the past 40 years. While that growth rate slowed during the Great Recession, it has already begun to rebound. Phoenix is the cultural center of the Valley of the Sun, as well as the rest of Arizona.

The Gateway Arch & Old CouDrotwhonutosew,nStP.hLooeuniisx,,MAOZ

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