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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. 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