Interested in selling your O’Reilly NNN property or O’Reilly ground lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market O’Reilly NNN property for sale or O’Reilly ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your O’Reilly NNN property or the inclusion of an O’Reilly ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market O’Reilly properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, O’Reilly Auto Parts has over 6,027 stores in 48 U.S. states and Puerto Rico and 44 ORMA stores in Mexico.
Revenue and income
In 2022, O’Reilly Auto Parts’ total revenue was $11.6 billion. Net income was $1.8 billion.
Future plans
O’Reilly Auto Parts plans to continue expanding its U.S. footprint. In 2023, the company plans to open over 200 new stores. O’Reilly Auto Parts is also investing in new technologies, such as self-checkout and mobile ordering.
Corporate vs. franchise
About 90% of O’Reilly Auto Parts stores are franchised. The remaining 10% are corporate-owned. Franchisees typically pay a franchise fee of $50,000 and a royalty fee of 4% of gross sales.
Additional information O’Reilly Properties
O’Reilly Auto Parts was founded in 1957 in Springfield, Missouri. The company’s name refers to the first store being named after the founder’s two sons, O.P. and Stanley O’Reilly. O’Reilly Auto Parts is the second-largest auto parts retailer in the United States. The company’s most popular products include auto parts, tools, and accessories. O’Reilly Auto Parts is a privately held company.
O’Reilly History
O’Reilly Auto Parts traces its roots back to 1957 when Forrest O’Reilly opened a small auto parts store in Springfield, Missouri. The company overgrew over the next few decades, and today, it is one of the largest auto parts retailers in the United States. O’Reilly operates over 5,400 stores in 47 states, employing over 60,000 people.
Why Invest in Ground Lease and NNN Lease of O’Reilly?
Investing in O’Reilly’s ground lease and triple net (NNN) lease properties offers compelling reasons:
1) O’Reilly NNN Property Investment: Stable income
Although finding a property with reliable income potential can be difficult, investing in real estate can be rewarding, especially for those considering a 1031 exchange or sale. That’s where O’Reilly NNN Property Investment comes into play. With a well-established brand and a strong market presence, O’Reilly has become synonymous with stability and dependable income streams, making it an excellent choice for investors seeking a secure and profitable real estate investment opportunity.
2) O’Reilly NNN Property Investment: Established tenant
One of the key advantages of investing in O’Reilly NNN Property is the assurance of an established and recognized tenant. O’Reilly’s successful track record and well-known brand significantly reduce the risk of vacancy or lease default. As an investor, you can enjoy peace of mind knowing that your property will consistently generate income with minimal disruptions. In today’s ever-changing market, having a stable tenant is a valuable asset that should be considered, especially when planning for a 1031 exchange or a future sale.
3) O’Reilly NNN Property Investment: Low management responsibility
Property management can be a time-consuming and often stressful aspect of real estate investment. However, O’Reilly NNN Property Investments minimize the landlord’s management obligations to a remarkable extent, making it an excellent option for those considering a 1031 exchange or future sale. Due to in-ground and NNN (Triple Net) leases, the tenant is liable for all property maintenance costs, saving you time and ensuring that your investment is in capable hands.
4) O’Reilly NNN Property Investment: Favorable lease terms
Long-term lease agreements with built-in rent escalations are a hallmark of O’Reilly NNN Property Investments. These favorable lease terms provide investors with a predictable income stream and the potential for rental growth over time. Predictability is essential in real estate investment, and O’Reilly’s lease terms offer just that. You can confidently plan your financial future, knowing that your investment will continue to yield returns.
5) O’Reilly NNN Property Investment: Real estate value
O’Reilly’s strategic property locations in high-traffic areas are another aspect that sets these investments apart. These prime locations can increase property value over time, offering the possibility of capital appreciation. In the ever-evolving real estate market, having properties in high-demand areas can be valuable. O’Reilly NNN Property Investments provide stable income and the potential for your investment to grow in value over the long term.
Pros and Cons of O’Reilly Ground Lease and NNN Lease Investment
Pros:
1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.
Cons:
1. Lease renewal risk when the term expires.
2. Dependency on O’Reilly’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.
Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.