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OReilly Auto Parts
854 Summit Street
Elgin, IL 60120 (Chicago MSA)
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TABLE OF CONTENTS
TABLE OF CONTENTS
1) Confdentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerial
5) Site Plan
6) Maps
7) Tenant Profle
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
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The information contained in the following Offering Memorandum is proprietary and strictly confdential. It is intended to
be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person
or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide
summary, unverifed information to prospective purchasers, and to establish only a preliminary level of interest in the
subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The
Boulder Group has not made any investigation, and makes no warranty or representation. The information contained
in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group
has not verifed, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any
investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy
or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the
information set forth herein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
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The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed OReilly Auto
Parts property located within the Chicago MSA. The high quality building was constructed in 2008 in a densely populated
area. The lease has approximately nine years remaining and features a 10% rental escalation in the primary term and
in each renewal option period. OReilly Auto Parts is an investment grade rated tenant (S&P: BBB) and is publicly traded
(NASDAQ: ORLY) with a market capitalization in excess of $15.5 billion.
The 7,616 square foot retail building was constructed in 2008 along Summit Street, a primary east-west thoroughfare
in the area. The surrounding area is densely populated with over 21,000 people living within a one mile radius of the
property. Additionally, there are over 185,000 people living within a fve mile radius earning average annual household
incomes of approximately $80,000. The property benefts from its location adjacent to a Jewel-Osco grocery anchored
shopping center. The property is centrally located within a strong retail corridor that features Walgreens, Sears Outlet,
Chase Bank, PNC Bank, Fifth Third Bank, and Elgin Fresh Market. Access to Interstate 90 is located approximately two
miles north of the property and Interstate 90 experiences traffc counts in excess of 103,000 vehicles per day.
OReilly Auto Parts has approximately nine years remaining on their net lease that expires in February 2023. The lease
features a 10% rental escalation in the primary term and in each renewal option period. OReilly Auto Parts is an investment
grade rated tenant (S&P: BBB) and is publicly traded (NASDAQ: BBB) with a market capitalization in excess of $15.5 billion.
INVESTMENT HIGHLIGHTS
Located within the Chicago MSA
Investment grade rated tenant (S&P: BBB)
10% rental escalation in the primary term and renewal
option period
Densely populated area with over 21,000 people living
within a one mile radius
Located adjacent to a Jewel-Osco grocery anchored
shopping center
Located along a primary east-west thoroughfare
Centrally located in a strong retail corridor that features
Walgreens, Sears Outlet, Chase Bank, PNC Bank, Fifth
Third Bank and Elgin Fresh Market
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
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PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $2,523,529
Cap Rate: 6.80%
Rent Schedule: NOI Escalation Date
$171,600
$188,800 3/1/2018
$207,680 3/1/2023 (Option 1)
$228,400 3/1/2028 (Option 2)
Rental Escalations: 10% Every Five Years
Renewal Options: Two 5-Year
Lease Commencement Date: February 29, 2008
Lease Expiration Date: February 28, 2023
Tenant: OReilly Auto Parts
Credit: Investment Grade (S&P: BBB)
Year Built: 2008
Lease Type: NN (Structure, Parking, HVAC)*
Building Size: 7,616 SF
Land Size: 33,290 SF
*Roof has a 20 year warranty with 14 years remaining
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AERIAL
AERIAL
SUMMIT STREET
LORDS PARK
LORDS PARK
ELEMENTARY SCHOOL
N
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SITE PLAN
SITE PLAN
SUMMIT ROAD
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MAPS
MAPS
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OReilly Automotive, Inc., together with its subsidiaries, is engaged in the retail of automotive aftermarket
parts, tools, supplies, equipment, and accessories in the United States. The company provides new and
remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system
components, batteries, belts, hoses, temperature controls, chassis parts, and engine parts; maintenance
items comprising oil, antifreeze products, fuids, flters, wiper blades, lighting products, engine additives, and
appearance products; and accessories, such as foor 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 brand name, house
brands, and private label products for domestic and imported automobiles, vans, and trucks. As of December
31, 2013, the company operated 4,166 stores in 42 states. OReilly Automotive, Inc. was founded in 1957 and
is headquartered in Springfeld, Missouri.
OReilly Auto Parts is publicly traded on the NASDAQ (ORLY) and has a market capitalization in excess of $15.5
billion. OReillys is an investment grade rated company with a Standard & Poors rating of BBB.
Website: www.oreillyauto.com
Credit Rating: Investment Grade (S&P: BBB)
Stock Symbol: ORLY (NASDAQ)
Market Capitalization: $15.5 billion
Number of Locations: 4,166+
Headquarters: Springfeld, MO
TENANT PROFILE
TENANT PROFILE
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DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
Total Population 21,430 87,361 185,572
Total Households 6,548 27,562 61,661
Income
Median Household Income $55,320 $55,220 $62,842
Average Household Income $69,404 $70,047 $79,891
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Elgin is a city located in both Cook and Kane counties in the northern part of Illinois approximately 35
miles northwest of downtown Chicago. As of 2013, the city had a population of 110,145, making it the
eighth-largest city in Illinois. Elgin has three stations on Metras Milwaukee District/West Line, which
provides daily rail service between Elgin and Chicago, Illinois. Additionally, Elgin is served by Interstate 90
which leads to downtown Chicago.
www.cityofelgin.org
Chicago is the most populous city in the Midwestern United States and the third most populous city
in the United States with 2,700,000 residents. Chicago is the county seat of Cook County, the second
largest county in the United States. The Chicago MSA is the third most populated metropolitan area in
the United States with 9,580,567 residents. The MSA covers over 1,300 square miles and six counties.
The Chicago metropolitan area is home to the corporate headquarters of 57 Fortune 1000 companies,
including Boeing, McDonalds, Motorola, Discover Financial Services and United Airlines. Chicago is a
major hub for industry, telecommunications and infrastructure and OHare International Airport is the second busiest
airport in the world in terms of volume.
The metro is a major fnancial center in North America, and is home to the largest futures exchange in the United States,
the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the competitiveness of
fnancial centers based on people, business environment, market access, infrastructure and general competitiveness.
www.cityofchicago.org
LOCATION OVERVIEW
LOCATION OVERVIEW
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CONTACT INFORMATION
CONTACT INFORMATION
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
randy@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com