O'REILLY AUTO PARTS 105 THAIN ROAD - LEWISTON, ID 83501 - INVESTMENT OPPORTUNITY - Idaho Commercial Brokerage
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INVESTMENT OPPORTUNITY
O’REILLY AUTO PARTS
105 THAIN ROAD - LEWISTON, ID 83501
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
MOE THERRIEN, ASSOCIATE BROKER
mobile: (208) 859-7935 • moe@icbre.com
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
O’REILLY AUTO PARTS - LEWISTON, ID
INVESTMENT HIGHLIGHTS
OFFERING PRICE: $ 1,375,000
MONTHLY RENT $ 6,300
ANNUAL RENT $ 75,600
CAP RATE 5.5 %
CURRENT LEASE
• APRIL 2019 - APRIL 2024
• THREE, FIVE-YEAR OPTIONS WITH SCHEDULED RENT INCREASES
• PROPERTY CONTINUOUSLY OCCUPIED BY O’REILLY AUTO PARTS OR A MERGED ENTITY SINCE 1999
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
2 08/16/2021
O’REILLY AUTO PARTS - LEWISTON, ID
PROPERTY OVERVIEW
PROPERTY INFORMATION
• TRAFFIC COUNT AT THAIN/VISTA AVERAGED 19,672
• BUILT IN 1999 VEHICLES PER DAY IN 2020
• 6,600 SF BUILDING
• 25,265 SF SITE • THE PROPERTY HAS CROSS ACCESS AND
SHARED SIGNAGE WITH THE NEIGHBORING
• MASONRY CONSTRUCTION PIZZA RESTAURANT ON THE SIGNALIZED HARD
• TRUSSED ROOF WITH MEMBRANE COVER CORNER OF THAIN ROAD AND STEWART AVENUE.
• ROOF MOUNT HVAC
• OPEN RETAIL DISPLAY AND PARTS STORAGE
• DUCTED, OPEN GRID CEILING
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
3 08/16/2021
O’REILLY AUTO PARTS - LEWISTON, ID
TENANT/LEASE OVERVIEW
Built in 1999, the property is leased to publicly traded O’Reilly Auto Parts, one of the largest specialty retailers of
automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. They currently
operate 5,710 stores in 47 U.S. states and 22 ORMA stores in Mexico. O’Reillys carries an investment grade credit of
BBB+ from Standard and Poor’s and a long term rating of Baa1 from Moody’s. Reported total sales exceeded
11.6 Billion in 2020, with same store sales up 10.9% from 2019. 2020 earnings per share were $23.23.
LEASE OVERVIEW
TENANT: O’REILLY AUTO ENTERPRISES LLC
GUARANTEE: NASDAQ: ORLY
INITIAL LEASE START: 1999
CURRENT TERM: APRIL 2019 - APRIL 2024
MONTHLY RENT: $6,300
ANNUAL RENT: $75,600
ANNUAL RENT/SF: $11.45
BASIS: NN - TENANT PAYS BUILDING AND SITE MAINTENANCE, UTILITIES, TAXES AND INSURANCE
LEASE OPTIONS: THREE, FIVE-YEAR TENANT OPTIONS TO RENEW
APRIL 5, 2024 - APRIL 4, 2029 $6,615.00/MO $79,380/YR
APRIL 5, 2029 - APRIL 4, 2034 $6,945.75/MO $83,349/YR
APRIL 5, 2034 - APRIL 4, 2039 $7,293.03/MO $87,516/YR
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
4 08/16/2021
O’REILLY AUTO PARTS - LEWISTON, ID
PHOTOGRAPHS
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
5 08/16/2021
O’REILLY AUTO PARTS - LEWISTON, ID
INTERIOR PHOTOGRAPHS
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
6 08/16/2021
O’REILLY AUTO PARTS - LEWISTON, ID
PA R C E L M A P
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
7 08/16/2021
O’REILLY AUTO PARTS - LEWISTON, ID
STREET MAP
Thain Road North of Stewart
24,500 VPD (ITD 2019)
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
8 08/16/2021
O’REILLY AUTO PARTS - LEWISTON, ID
AERIAL MAP
Clearwater
River
Washington
Idaho
➤
N
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
9 08/16/2021
O’REILLY AUTO PARTS - LEWISTON, ID
LO CAT I O N OVE R VI EW
LEWISTON, IDAHO
NEZ PERCE COUNTY
COUNTY POPULATION, 2019: 40,408
LEWISTON POPULATION, 2019: 32,788
LAND AREA, SQ MILES:
Lewiston is the second-largest city in the
northern Idaho region and ninth-largest in the
DEMOGRAPHICS state. Located at the confluence of the Snake
and Clearwater Rivers, the Port of Lewiston
RADIUS 2 Mile 5 Mile 10 Mile
carries the distinction of being the fathest
POPULATION
inland port east of the West Coast.
2021 Population 20,696 54,489 58,574
The primary industry in the Lewiston region
2026 Projection 20,876 55,210 59,338
is paper and timber products. Other major
Pop Growth 2021-2026 0.2% 0.3% 0.3%
employer sectors are healcare, accomodation
HOUSEHOLDS and food services, manufacturing, education
2021 Total Households 8,828 22,918 24,509 and local government. Lewiston is the prirmary
HH Growth 2021-2026 0.2% 0.3% 0.3% regional transportation, retail, health care,
HOUSING and entertainment center of the surrounding
Median Home Value $198,760 $214,207 $217,390 area and serves as a recreation destination to
visitors of the Hells Canyon National Recreation
Median Year Built 1968 1970 1970
Area.
2021 Avg Household Income $73,181 $74,576 $75,503
Source: CoStar 2021
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
10 08/16/2021O’REILLY AUTO PARTS - LEWISTON, ID
M O E T H E R R I E N - A S S O C I AT E B R O K E R
WORK HISTORY
Licensed Broker for 30 years
Commercial Real Estate Appraiser for 40 years
Idaho Commercial Brokerage, LLC (2005-present): Seller/Buyer representation of
investment real estate brokerage. Specializing in apartment, office, retail,
warehouse and land.
MSA Realty (1999-2004): Sole Owner, Broker with two agents, Seller/Buyer
representation, investment real estate brokerage. Specializing in apartment,
office, retail, warehouse and land.
VALBRIDGE Property Advisors (1977-present): Managing partner, MAI
designation 1982. Commercial Real Estate Appraiser with an emphasis on
apartment, office, retail, warehouse, land and special use.
MAURICE (MOE) THERRIEN
Ada Real Estate Surveys (1987-2019): Ada County apartment surveys;
Associate Broker
occupancy and rent tracking.
Principal
MAI PROFESSIONAL DESIGNATIONS
(208) 859-7935 1990-present: Licensed Real Estate Broker, State of Idaho
moe@icbre.com 1990-present: Realtor – Idaho Association of Realtors
1982-present: Member of the Appraisal Institute (MAI)
1992-present: Idaho Certified General Real Estate Appraiser
PERSONAL BACKGROUND
• Boise resident since 1977
• Married to wife Roxy / 2 children, Marc 38 and Michael 35
• Washington State University – Bachelors of Arts Degree, Business
Administration- 1977 Summa Cum Laude
• Raised in Colfax, Washington
All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.
9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • Boise, Idaho 83702 • (208) 343-9300 • icbre.com
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