This page tracks every O’Reilly Auto Parts net lease property observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the O'Reilly Auto Parts credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.
O'Reilly Auto Parts is investment grade. O'Reilly Automotive, Inc. carries long-term issuer ratings of BBB (Stable outlook) from S&P Global Ratings and Baa1 (Stable outlook) from Moody’s, which places it in investment grade territory (BBB-/Baa3 or higher). Ratings checked September 27, 2026. Ratings change; confirm before relying on any figure here. See the O'Reilly Auto Parts credit rating and NNN cap rate profile and the investment grade credit tenant ratings table.
36 O'Reilly Auto Parts NNN properties observed for sale across 22 states as of September 28, 2026. Median asking cap rate 6.00% (range 4.75% to 8.57%). Median asking price $1.99M. Average remaining lease term 6.2 years. Median building 7,225 SF. Figures update automatically from listing broker materials.
O’Reilly Auto Parts NNN Properties For Sale: Latest Listings
Up to twelve of the most recently listed single-tenant O’Reilly Auto Parts properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Location | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|
| South Bend, IN | $950,400 | 6.25% | $59,400 | n/a | 1995 | **** | Get full property data |
| LOOGOOTEE, IN | $668,571 | 7.00% | $46,800 | n/a | 1986 | **** | Get full property data |
| SPRING HILL, FL | $2,318,000 | 5.50% | $127,535 | n/a | 2023 | **** | Get full property data |
| Salyersville, KY | $1,842,000 | 5.75% | $105,904 | n/a | 2021 | **** | Get full property data |
| Houston, TX | $2,390,133 | 6.00% | n/a | n/a | n/a | **** | Get full property data |
| Giddings, TX | $1,100,000 | 6.00% | $72,000 | n/a | 2007 | **** | Get full property data |
| St. Peters, MO | $1,129,846 | 6.50% | $73,440 | n/a | n/a | **** | Get full property data |
| Oldtown, ID | $1,765,000 | 6.00% | $105,880 | n/a | 2017 | **** | Get full property data |
| ST MARYS, OH | $1,855,000 | 5.70% | $105,738 | n/a | 2022 | **** | Get full property data |
| Carson City, NV | $3,536,000 | 4.75% | $167,978 | n/a | 1960 | ************ | Get full property data |
| Black Mountain, NC | $872,000 | 7.00% | $61,056 | 3.6 yrs | n/a | NN+ | Get full property data |
| Rockford, IL | $1,424,675 | 6.50% | $92,604 | 4.4 yrs | 2011 | NN | Get full property data |
Search all 36 O'Reilly Auto Parts properties on the market
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
Get new O'Reilly Auto Parts listings in your cap rate band
New O'Reilly Auto Parts net lease listings matched to your criteria, emailed as they are observed on the market. One email per match, nothing else.
Own an O'Reilly Auto Parts? Considering selling?
Investment Grade Income Property, LP advises owners nationally through Broker of Record co-listing partnerships in all 50 states. You choose the process: a quiet off-market placement with qualified 1031 buyers already searching this inventory, or a full on-market campaign. Either way it starts with a free valuation benchmark against the live O'Reilly Auto Parts listings on this page.
Investment Grade Income Property, LP is a licensed commercial real estate brokerage. Your details are used to send the information you requested and are never shared with listing brokers without your permission.
What You Are Actually Buying
O’Reilly operates its stores directly rather than franchising, so listings carry a corporate lease from a large publicly traded issuer. The format is parts retail with a commercial delivery component, a conventional retail box rather than a service bay building.
Buildings typically run 5,000 to 8,000 square feet for parts retail and 1,500 to 4,000 square feet with service bays for quick lube and tire formats. Service bay buildings are more specialized than parts stores, which affects who can occupy them next.
Across the current inventory, roughly 17% of listings with a reported build year were delivered in the last four years, and about 30% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.
O’Reilly Auto Parts Cap Rate, Price and Term Distribution
These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.
| Asking Cap Rate Band | Listings | Share | Avg Asking Price |
|---|---|---|---|
| Under 5.00% | 2 | 6% | $3.41M |
| 5.00% to 5.49% | 7 | 19% | $3.60M |
| 5.50% to 5.99% | 8 | 22% | $2.44M |
| 6.00% to 6.49% | 8 | 22% | $2.70M |
| 6.50% to 6.99% | 5 | 14% | $1.49M |
| 7.00% and above | 6 | 17% | $1.60M |
| Asking Price Band | Listings | Share | Avg Cap Rate |
|---|---|---|---|
| Under $1.5M | 9 | 25% | 6.40% |
| $1.5M to $2.5M | 17 | 47% | 6.28% |
| $2.5M to $3.5M | 5 | 14% | 5.14% |
| $3.5M to $5M | 1 | 3% | 4.75% |
| $5M and above | 4 | 11% | 5.65% |
| Remaining Lease Term | Listings | Avg Cap Rate |
|---|---|---|
| Under 5 years | 7 | 6.63% |
| 5 to 10 years | 7 | 6.21% |
| 10 to 15 years | 2 | 5.78% |
| Lease Type (as marketed) | Listings |
|---|---|
| **** | 10 |
| NNN | 7 |
| NN | 6 |
| Not stated | 6 |
| NN+ | 4 |
How to read the pricing
The spread inside the O’Reilly Auto Parts inventory runs from 4.75% to 8.57%, against a median of 6.00%, and almost all of it is explained by three variables. First, remaining term, which the term table above prices directly. Second, geography, which the state table below shows. Third, lease structure and real estate quality: absolute NNN, fee simple and strong access trade at the tight end, while NN, ground lease and secondary access trade wider. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.
Where O’Reilly Auto Parts NNN Properties Are For Sale
Current inventory spans 22 states. State-level cap rate differences of 50 to 100 basis points are normal and reflect state income tax, population growth and buyer competition more than anything about the tenant.
| State | Listings | Avg Cap Rate | Avg Asking Price |
|---|---|---|---|
| TX | 4 | 6.20% | $1.99M |
| CA | 4 | 5.35% | $5.82M |
| PA | 3 | 5.46% | $1.69M |
| IL | 3 | 6.10% | $3.17M |
| IN | 2 | 6.63% | $0.81M |
| MD | 2 | 6.05% | $3.59M |
| MI | 2 | 7.18% | $1.95M |
| FL | 2 | 5.33% | $2.41M |
| NC | 1 | 7.00% | $0.87M |
| NV | 1 | 4.75% | $3.54M |
| NY | 1 | 6.75% | $1.23M |
| OH | 1 | 5.70% | $1.86M |
O’Reilly Auto Parts as a 1031 Exchange Replacement Property
The median asking price in the current O’Reilly Auto Parts inventory is $1.99M, and about 61% of listings fall in the middle of the market between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace.
- Identify from the live list, not a stale one. Listings move. Identify two or three specific properties under the three-property rule and keep a backup that is realistically still available.
- Debt replacement is the trap. If the relinquished property carried a mortgage, you must replace that debt or add cash to fully defer gain. Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage.
- Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, prioritize term and options over 25 basis points of cap rate.
- Close-ability matters more than price. A clean estoppel, a current lease and no pending relocation are worth paying for on a 45-day clock.
For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.
O’Reilly Auto Parts NNN Due Diligence Checklist
These are the items that change the value of an O’Reilly Auto Parts listing and are rarely resolved by the offering memorandum.
- Lease signatory and franchise status. Several brands in this category mix corporate stores with franchised or licensed operators. Confirm which you are buying.
- Environmental. Service bays involve oil, solvents and sometimes in ground lifts or waste tanks. Obtain Phase I and confirm who carries remediation obligation under the lease.
- Building specificity. Bay buildings have a narrower second-generation tenant pool than open floor plate retail. Underwrite the residual honestly.
- Term and escalations. Verify remaining term, escalation schedule and option structure.
How Investment Grade Works With O’Reilly Auto Parts Buyers
Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On an O’Reilly Auto Parts acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On most transactions there is no separate fee to the buyer because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.
Owners of existing O’Reilly Auto Parts properties can use this page as a valuation benchmark. If you are weighing a sale, an off market disposition to a qualified 1031 buyer often closes faster and with less retrading than a broad marketing process.
Frequently Asked Questions
How many O’Reilly Auto Parts NNN properties are for sale right now?
As of September 28, 2026, 36 single-tenant O’Reilly Auto Parts net lease properties are observed for sale across 22 states. The count updates automatically as listings are added and removed.
Is O’Reilly Auto Parts investment grade?
O'Reilly Automotive, Inc. carries long-term issuer ratings of BBB (Stable outlook) from S&P Global Ratings and Baa1 (Stable outlook) from Moody’s, which places it in investment grade territory (BBB-/Baa3 or higher). Ratings checked September 27, 2026.
What cap rate do O’Reilly Auto Parts NNN properties sell at?
The current median asking cap rate is 6.00%, with the inventory ranging from 4.75% to 8.57%. Longer term, stronger markets and absolute NNN structures price at the tight end.
How much does an O’Reilly Auto Parts NNN property cost?
The median asking price in the current inventory is $1.99M, with listings from $0.67M to $11.80M. About 61% fall between 1.5 and 3.5 million dollars.
Who signs the lease on an O’Reilly Auto Parts property?
O’Reilly operates its stores directly rather than franchising, so listings carry a corporate lease from a large publicly traded issuer. The format is parts retail with a commercial delivery component, a conventional retail box rather than a service bay building.
Working an O’Reilly Auto Parts acquisition or a 1031 identification deadline? Register on any listing above for full property data and a due diligence review, or email steve@investmentgrade.pro with your price range, target states and closing timeline and we will screen the live inventory for you.
