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O'REILLY AUTO PARTS 3030 W Lincoln Way

6,480 SF Retail Building South Bend, IN 46628 £674,848 (£104/SF) 6.89% Net Initial Yield

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Investment Highlights

CREDIT TENANT: O’Reilly Automotive, Inc. (NYSE: ORLY), with a robust $67B market cap and Investment Grade credit (S&P Rated: BBB)
STRONG RETAIL POSITIONING: Situated on the busy East/West Lincoln Way with approximately 19,000 VPD passing by, the subject property
ASYMMETRIC VALUE: O’Reilly moved into a former Blockbuster in 2007, paying significantly less than the typical $100,000 to $150,000 rents

FRESHLY SIGNED EARLY LEASE EXTENSION: O’Reilly agreed to an early extension of the lease for an additional FIVE YEARS
BELOW REPLACEMENT COST: Construction costs have risen rapidly in recent years, new construction auto parts stores currently ranging from $1.75-2.50mm

Executive Summary

Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

6,480 SF

Building Class

Year Built/Renovated

1995/2007

Price

£674,848

Price Per SF

£104

Net Initial Yield

6.89%

NOI

£46,497

Tenancy

Single

Number of Floors

Building FAR

0.15

Lot Size

0.96 AC

Zoning

Parking

35 Spaces (5.4 Spaces per 1,000 SF Leased)

Frontage

158 ft on Lincoln Way

PROPERTY TAXES

Parcel Number	71-08-03-102-003.000-026	Improvements Assessment	£140,255
Land Assessment	£38,133	Total Assessment	£178,388

PROPERTY TAXES

Parcel Number

71-08-03-102-003.000-026

Land Assessment

£38,133

Improvements Assessment

£140,255

Total Assessment

£178,388

(512) 430-4466

Contacts

Christian Becker
Ryan Fitzgibbons
Conrad Sarreal
Matthews Real Estate Investment Services

Listing ID: 34429692
Date on Market: 09/01/2025
Last Updated:
Address: 3030 W Lincoln Way, South Bend, IN 46628

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