O'Reilly Auto Parts - Ramsey MN

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a newly developed, single-tenant O'Reilly Auto Parts store in Ramsey, MN, located just minutes from downtown Minneapolis. O'Reilly Automotive, Inc. (NASDAQ:ORLY) is one of the largest retailers of auto parts and accessories in the United States with an extensive history of sales growth and a YOY stock appreciation of over 44%, signaling the health of the corporation. This investment offers a great opportunity to acquire an investment-grade (S&P BBB+) brand on a long-term, 15 year lease with a built-in rent increase in a rapidly developing suburb of the Twin Cities.

• Investment-grade credit from one of the largest auto parts retailers in the country
• New construction with minimal landlord responsibilities
• Pandemic & recession proof tenant with sustained growth through both the Great Recession of 2009 and the COVID-19 Pandemic
• High traffic corridor along Highway 10 (40,000 VPD)
• High growth submarket with 60% population growth in the last 20 years
• Metropolitan support located in the Twin Cities metropolitan area