Corporate guarantee NNN Investment

Description:

Brand-New 15-Year Lease Extension
O’Reilly Auto Parts has operated at this location for 26+ years and just executed an early lease extension, committing to a new 15-year term with three (3) five-year options.
This demonstrates exceptional confidence in the site and provides investors with long-term, predictable income.

Best-in-Class Tenant
Corporate Lease: O’Reilly Auto Enterprises, LLC (NASDAQ: ORLY), a Fortune 500 company and one of the nation’s largest specialty retailers of automotive aftermarket parts.
Investment-Grade Credit: S&P BBB+, Moody’s Baa1, offering institutional-quality security.
Dominant Market Position: Over 6,000 locations nationwide, serving both DIY customers and professional installers for diversified revenue streams.
Resilient in All Economic Cycles: Automotive parts and maintenance are essential services, ensuring stability regardless of market conditions.

Property & Location
±6,600 SF Freestanding Building on 0.52 acres with 15 dedicated parking stalls.
Prime Retail Corridor: Located on Central Avenue, McKinleyville’s main commercial artery, with excellent visibility and strong traffic counts.
Essential Regional Hub: Serves Northern Humboldt County with limited alternative retail corridors.
Strategic Connectivity: Immediate access to Highway 101, ensuring consistent regional traffic flow.

Lease & Income Security
True NNN Lease: Tenant responsible for taxes, insurance, and CAM; landlord limited to roof and structure—creating a near-passive investment.
Established Location: 26+ years of successful operation, reinforcing tenant’s deep market penetration.
Market Rent: Current rent aligns with market rates, making relocation cost-prohibitive and strengthening tenant commitment.

Competitive Advantage
Adjacent AutoZone Validates Market Strength: AutoZone’s presence next door underscores robust demand for auto parts in this trade area.
Proven Market Leader: Despite AutoZone’s proximity, O’Reilly outperforms in store traffic (Placer.ai), highlighting entrenched customer loyalty.

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