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Virtual Drive-By

O'Reilly Auto Parts NNN

6010 W Thunderbird Rd · Glendale, AZ 85306 · QSR / Restaurant

Asking price
$3,278,000
Cap rate
4.90%
NOI
$160,611

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Lease

Lease typeNNN
Term remaining9.4 yrs
Expiration11/2035
Rent bumpsYes
Optionstwo (2) five-year options remaining
Ground lease
Credit profileCredit Rated + Corporate Guarantee
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 SF7,000
Price / SF$468
Year built1999
Lot size0.79 ac
TypeQSR/Fast Food, Storefront, Auto Shop
Days on market101

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

  • Long-Term Corporate NNN Lease to O’Reilly (NASDAQ: ORLY): Approximately 9.5 years remaining with 10% rent increases every five years and zero landlord responsibilities
  • Investment Grade Tenant: O’Reilly is rated BBB by S&P and operates 6,300+ locations nationwide
  • Additional Income from Chick-fil-A Easement: Adjacent Chick-fil-A drive-thru easement represents approximately 40% of the income
  • Established Operating History: O’Reilly has operated at this location since 2010 and has exercised multiple renewal options, demonstrating long-term commitment to the site
  • Strategic Infill Location in Dense Phoenix Submarket: Positioned at the intersection of W Thunderbird Rd & N 59th Ave (69,261 combined ADT)
  • Surrounded by National Retailers & Traffic Drivers: Including Chick-fil-A, Fry’s, Starbucks, Raising Cane’s, Chipotle, Bank of America, Dunkin’, and more

Property overview

O'Reilly Auto Parts property with additional income from an easement agreement with the adjacent Chick-fil-A parcel, located in Glendale within the Phoenix MSA.​ The property features a long-term corporate NNN lease to O’Reilly at a well-established location operating since 2010 that has exercised multiple renewal options, complemented by additional income from a Chick-fil-A drive-thru easement.​

In Association with Scott Reid & ParaSell, Inc.​ | A Licensed Arizona Broker #CO709902000

Inquiries by residents and properties owners of the State are to be made to Scott Reid.​

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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.