O Reilly Auto Parts

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OReilly Auto Parts 7767 Great Trinity Forest Way Dallas, TX 75217 $921,850

Transcript of O Reilly Auto Parts

Page 1: O Reilly Auto Parts

O’Reilly Auto Parts 7767 Great Trinity Forest Way

Dallas, TX 75217 $921,850

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This Confidential Offering Memorandum (the “Memorandum”) has been prepared and presented to the recipient (the “Recipient”) by Belco Development & Investments, Inc. as part of Belco’s efforts to market property for sale and the material contained in it to the Recipient solely to assist the Recipient in determining whether the Recipient is interested in potentially purchasing all or part of the Property. Belco Development & Investments, Inc. also is providing this Memorandum and the material in it to the Recipient with the understanding that the Recipient will independently investigate those matters that it deems necessary and appropriate to evaluate the Property and that the Recipient will rely only on its own Investigation, and not on Belco, the Owner or this Memorandum, in determining whether to purchase the Property. Please Note the Following: Belco Development & Investments, Inc., the Owner and their respective agents, employees, representatives, property managers, officers, directors, shareholders, members, managers, partners or controlling entities, subsidiaries, affiliates, assigns and predecessors and successors-in-interest make no representations or warranties about the accuracy, correctness or completeness of the information contained in this Memorandum. The Recipient is urged not to rely on the information contained in this Memorandum and to make an independent investigation of all matters relating to the property. This Memorandum includes statements and estimates provided by or to Belco and/or the Owner regarding the Property. Those statements and estimates may or may not be accurate, correct or complete. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements and estimates. Further, nothing contained in this Memorandum should be construed as representation or warranty about any aspect of the Property, including, without limitation, the Property’s (1) past, current or future performance, income, uses or occupancy, (2) past, current or prospective tenants, (3) physical condition, (4) compliance or non-compliance with any permit, license, law, regulation, rule, guideline or ordinance, or (5) appropriateness for any particular purpose, investment, use or occupancy. Again, the Recipient is urged not to rely on this Memorandum and the statements and estimates in it and to make an independent investigation regarding the Property and the statements and estimates contained herein. This Memorandum may include statements regarding, references to, or summaries of, the nature, scope or content of contracts and/or other documents relating to the Property. Those statements, references or summaries may or may not be accurate, correct or complete. Additionally, Belco may not have referenced or included summaries of each and every contract and/or other document that the Recipient might determine is relevant to its evaluation of the Property. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements, representations or summaries. On request and as available, and subject to the Owner’s consent, Belco will provide the Recipient with copies of all referenced contracts and other documents. Belco Development & Investments, Inc. assumes no obligation to supplement or modify the information contained in this Memorandum to reflect events or conditions occurring on or after the date of its preparation of this Memorandum. More detailed information regarding the anticipated terms, conditions and timing of any offering by the Owner relating to the Property will be provided in due course by separate communication. Belco and/or the Owner reserve the right to engage at any time in discussions or negotiations with one or more recipients of this Memorandum and/or other prospective purchasers of the Property without notice to the other.

DISCLAIMER

Offered By: Belco Development & Investments

Adam Farmer 951 764-3744

[email protected]

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O’Reilly Auto Parts Ground Lease 7767 Great Trinity Forest Way

Dallas, TX 75217

These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Belco Development & Investments, Inc. or its personnel, and all interested parties must independently verify its accuracy and completeness.

Adam Farmer P. (951) 696-2727 F. (951) 696-1313 [email protected] #01370795 26856 Adams Ave Suite 200 Murrieta, CA 92562

INVESTMENT HIGHLIGHTS

• O’Reilly Auto Parts Built

in 2009 • Ground Lease / Large

Parcel 74,052 sf • Traffic Counts 22,473 on

Trinity Forest & 61,491 CF Hawn Fwy

• Absolute No Landlord

Responsibilities, Ground Lease

• Approx. 8 Years

Remaining • Dallas County

Population in Excess of 2,6418,140

• 1 Mile Population

12,773 / 3 Mile 82,524 • 5 Mile Population

217,179 • Three (5) Year Options

With Increases

O’Reilly Auto Parts 7767 Great Trinity Forest Way Dallas Texas 75217 List Price: $921,850 CAP: 4.75% Base Rent: $43,788 ($3,649 monthly) Increases: 8% Every 5 Years Building S.F. 7,225 Lease Type: Ground Lease (NNN) Landlord Responsibilities: NONE Ground Lease Lease Term: 8Years Remaining Parcel Size: 1.7 Acre (74,052 sf+/-) Options: Three (5) Year Year Built: 2009 Traffic Counts: 22,473 Trinity Forest Way 61,491 CF Hawn Fwy

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O’Reilly Auto Parts

Tenant Overview O'Reilly Automotive, Inc. (NASDAQ: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers . The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades ; and accessories, including floor mats, seat covers, and truck accessories . Its stores offer auto body paint and related materials, automotive tools, and professional service provider service equipment. Its stores provide do-it-yourself and professional service provider customers a selection of products for domestic and imported automobiles, vans, and trucks . O'Reilly Automotive intends to be the dominant supplier of auto parts in our market areas by offering our retail customers, professional installers, and jobbers the best combination of price and quality provided with the highest possible service level. O’Reilly Auto Parts was founded in 1957 and began with one store in Springfield, Missouri. The Company operated 5,710 stores in 47 U.S. states and 22 ORMA stores in Mexico as of June 30, 2021. We are the dominant auto parts retailer in all of our market areas.

CORPORATE GUARANTEE FROM INVESTMENT GRADE TENANT | BBB (S&P)

In 2020, O’Reilly Auto Parts generated approximately $11.6B in revenue. O’REILLY EXPERIENCING RECORD-BREAKING FINANCIAL RESULTS

This information is compiled from data that we believe to be correct but, no liability is assumed by this company as to accuracy of such data

Lease Abstract:

Lease Commencement Date: August 17, 2009 Lease Expiration Date: August 16, 2029 Current Rent: $43,788 Next Increase August 2024 $47,292 Options: 3 (5) Year 8% Rental Increase Each Option Rent Schedule: Years Annual Rent Increase % 1-5 $38,526.00 6-10 $40,548.00 6% 11-15 $43,788.00 8% 16-20 $47,292.00 8% 1st Option $51,075.00 8% 2nd Option $55,161.00 8% 3rd Option $59,573.00 8%

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Walgreens Pharmacy 2551 W. Main Street Alhambra, CA 91801

This information is compiled from data that we believe to be correct but, no liability is assumed by this company as to accuracy of such data

O’Reilly Auto Parts

7767 Great Trinity Forest Way Dallas Texas 75217

SITE The asset features an investment grade corporate guarantee from O’Reilly Automotive Inc. (NASDAQ: ORLY), a publicly traded and leading retailer in the automotive aftermarket industry that is rated BBB by Standard & Poor’s. Subject property is a free standing O'Reilly Auto Parts store with 8 years remaining on a non-subordinated absolute NNN ground lease with 8% rent increases every five years. The lease comes with three, five-year renewal options. Prime retail location with direct frontage along South Loop 12. Located in the immediate area of several national tenants including AutoZone, Family Dollar, McDonald's, Shell, Chevron, Texaco, Wendy's and U-Haul. In Q2 2021, O’Reilly experienced a 9% increase in comparable sales, on top of a 16.2% increase from the prior year. Additionally, same-store sales rose 16.5% from 2020 into 2021, breaking the company’s previous record, which was held the year prior.

DALLAS TX

Dallas, colloquially referred to as Big D, is a city in the U.S. state of Texas and the largest city in

and seat of Dallas County, with portions extending into Collin, Denton, Kaufman and Rockwall

counties. With a 2020 census population of 1,304,379, it is the ninth most-populous city in the

U.S. and the third-largest in Texas after Houston and San Antonio. Located in North Texas, the

city of Dallas is the main core of the largest metropolitan area in the Southern United States and

the largest inland metropolitan area in the U.S. that lacks any navigable link to the sea. It is the

most populous city in the Dallas–Fort Worth metroplex, the fourth-largest metropolitan area in the

country at 7.5 million people.

Population 1 Mile 3 Mile 5 Mile 12,773 82,524 207,887 Average Income 1 Mile 3 Mile 5 Mile $44,464 $53,791 $51,482 Households 1 Mile 3 Mile 5 Mile 3,562 21,257 57,840

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• Non-Subordinated Absolute NNN Ground Lease - No Management Responsibilities Whatsoever

• Prime Retail Location Situated in the Immediate Area of Several National

Tenants including AutoZone, Family Dollar, McDonald's and Wendy's, Subway, Texaco, Shell, etc.

• Part of the Metroplex - 4th Largest Metro Area in the U.S. with a Growing

Population of Over 7.5 Million Residents • Homes to 19 Fortune 500 companies including Exxon Mobil, American

Airlines Kimberly-Clark, Electronic Data Systems and Texas Instruments • Excellent Visibility with Average Daily Traffic Counts in Excess of 22,000 (S.

Loop 12) The Metroplex is home to one of the highest concentrations of corporate headquarters in the U.S. The area also contains a large base of high tech Companies such as Texas Instruments, Electronic Data Systems, Perot Systems, AT&T and Verizon. There are 19 Fortune 500 companies in diverse economic sectors including retail, health care services, financial services and telecommunications. Major employers in the Metroplex include American Airlines, Lockheed Martin, Baylor Health Care System, Wal-Mart, JP Morgan Chase, Bank of America, Bell Helicopter, General Motors, Sprint, Southwest Airlines, Sprint, Albertsons, Brinker International and Kimberly Clark. Dallas-Fort Worth International Airport is the largest and busiest airport in Texas.

O’Reilly Auto Highlights

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Photos

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Photos

This information is compiled from data that we believe to be correct but, no liability is assumed by this company as to accuracy of such data

Site Photos

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O’Reilly Auto Parts 7767 Great Trinity Forest Way

Dallas Texas 75217

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Maps

Local

Regional Map

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GEOGRAPHY The largest MSA in the South and fourth in the nation, Dallas/Fort Worth is located in the plains of North Texas. Suburban areas surround the MSA, most heavily to the north, with Arlington, Grand Prairie and Irving separating the two metropolises. Interstates 20, 30, 35 and 45 penetrate the MSA, connecting it to all regions of the country. Superior growth along these routes has pushed the boundaries of the MSA in all directions, consuming almost 9,300 square miles. Dallas is the third largest city in Texas with a population in excess of 1.3 million. It is part of the Dallas-Fort Worth-Arlington metro area collectively know as the Metroplex. The Metroplex is home to over 7.3 million residents. The metroplex has had tremendous population growth during the past decade, adding 1.1 million new residents to become the fourth-largest metro area in the nation.

INFRASTRUCTURE

The region’s transportation network continues to evolve to meet the needs of a growing populace. Traffic congestion has increased over the years, but metro-area civic leaders are taking proactive steps to improve mobility. Additional tollway miles are planned, including the Trinity Parkway in Dallas and the extension of the Airport Freeway in Tarrant County. Public transportation is gaining more popularity. DART is the fifth-largest light rail in the country. The DART light rail system is expected to extend further into suburban Dallas, and Collin and Tarrant counties. The business community has easy connections to major commercial centers around the globe via Dallas- Fort Worth International Airport, home to American Airlines, and Dallas Love Field, home to Southwest Airlines. The metroplex’s strategic location on Interstate 35, the NAFTA superhighway, ensures the region’s status as a national distribution hub.

This information is compiled from data that we believe to be correct but, no liability is assumed by this company as to accuracy of such data

O’Reilly Auto Parts

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Site Plan

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Aerial View

CF Hawn Fwy

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Aerial View