Salem, IN - O'Reilly Auto Parts

Description:

• The tenant recently signed a brand new 10-year lease extension with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features flat rent throughout the remainder of the term and variable increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• O’Reilly has operated at the site for over 19 years

• The asset is located along W Mulberry St, which averages over 14,200 vehicles passing by daily
• The property is located in the center of a primary retail corridor with major national/credit tenants including a Walmart Supercenter, Burger King, Taco Bell, Arby’s, UPS, ACE Hardware, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site