← Back to search
Photography available after free registration below
Virtual Drive-By

O'Reilly Auto Parts NN

33350 Schoenherr Rd · Sterling Heights, MI 48312 · Auto Parts / Service

Asking price
$1,805,000
Cap rate
7.50%
NOI
$135,340

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNN
Term remaining2.4 yrs
Expiration11/2028
Rent bumpsFive percent (5%) rental rate increases in each of the three (3) remaining option periods. Option Re
OptionsThree (3) remaining five (5) year options which must be exercised in writing at least one hundred eighty (180) days prior to the expiration of the then current term.
Ground leaseNo
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF10,000
Price / SF$181
Year built1995
Lot size1.87 ac
TypeAuto parts
Days on market18

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Net Lease Investment - Double Net (NN) lease structure
  • ​Approximately 2.5 years remaining on current lease term with three (3) remaining five (5) year renewal options
  • ​Five percent (​5%) rental rate increases in each of the three (3) remaining option periods
  • ​100% occupancy - single tenant freestanding building
  • ​O'Reilly Auto Parts - Publicly Traded, S&P: BBB credit rated tenant
  • ​O'Reilly Auto Parts has over 6,600 stores in the United States, Canada, and Mexico
  • ​Tenant responsible for real estate taxes, insurance, and exterior maintenance
  • ​Located in densely populated suburban trade area of Sterling Heights, MI (Macomb County)
  • ​Fee Simple ownership
  • ​Offered at $1,805,000 (7.5% Capitalization Rate)

Property overview

Constructed in 1995 for Murray's Auto Parts, this O'Reilly auto parts store has approximately two and a half (2.5) years remaining on its current lease term.​ O'Reilly purchased the Murray's brand and continues to operate successfully from this freestanding location within a very densely populated suburban trade area.​ The lease is equipped with five percent (5%) rental rate increases in each of the three (3) remaining option periods.​ The lease is double-net (NN) in structure wherein the Landlord's responsibilities are limited to the roof, structure, outer walls, and utility service lines.​ O'Reilly Auto Parts has over 6600 stores in the United States, Canada, and Mexico.​

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

Register to view photography and request the offering memorandum

Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.

Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.