O'Reilly Auto Parts - RARE NEW 20 YEAR TERM
For sale to qualified investors is the fee-simple interest in a brand new, freestanding O’Reilly Auto Parts located on Broadway Avenue in Cleveland, Ohio. Due to the location’s prominence in its trade area, O’Reilly chose to sign their longest corporate lease with a base term of 20 years. Along with the 20 year base term, the developer spared no expense in the design and construction of the property. The building features an all-metal roof with transferrable warranty, full block and stone construction, large monument signage, and a full front row of concrete parking stalls. The passive nature of this lease combined with the long lease term and prominence within the market make this an ideal 1031 replacement property or acquisition for an investor desiring a stable real estate investment. O’Reilly is situated at the focal point of the trade area on the corner of Broadway Avenue and East 65th Street. The surrounding area features strong demographics with approximately 34,000 people within just a one mile radius. Among the many business drivers within walking distance are the Third Federal Savings and Loan Corporate Headquarters, Cleveland Central Catholic High School, Mound Elementary School, the Cleveland Velodrome Bike Racing Track, McDonald’s, Burger King, Save-A-Lot, Fifth Third Bank, Huntington Bank, Citizen’s Bank, MetroHealth Broadway Medical Center, Broadway Orthopeadics and Sports Medicine, and much more.