O'Reilly Auto Parts NNN For Sale

Tenant Description

As one of the top automotive parts industry retailers, O'Reilly Auto Parts (NYSE: ORLY) continues to experience substantial sales revenues with a giant selection of products. From OEM and after-market, to tooling, maintenance equipment, and professional grade accessories, they have strengthened their distribution hubs across the U.S. since the mid twentieth century.

Back in 1957, O’Reilly started in Springfield, MO with just one store. Corporate headquarters operates there even today, now comprised of over 4700 locations in forty five states, with twenty seven distribution centers as of 2016.

Over time, their focus on multiple market approaches included DIY (do-it-yourself), DIFM (do-it-for-me) and PSP (pro service providers). Out of those, approximately 42 percent of sales originates from the professional service provider sector.

Due to the fact auto parts stores will continue servicing aging vehicles on the road, they will have higher demand on average. This usually leaves little in the way of investor grade options available with reasonable pricing. Along with dollar stores, there are not many opportunities under two million dollars and these tend to be exceptions to the rule.