O’Reilly Auto Parts NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
Last Year Cap
6.2%
This Year Cap
6.6%
Cap Change
0.4%
Last Year Rating
BBB
This Year Rating
BBB
Rating Change
No change
O’Reilly Auto Parts – NNN Cap Rate Trend
Cap Rate Trends
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Tenant | Year | Cap Rate |
|---|---|---|---|---|---|---|---|
| 5779 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,020 | 6.5 |
| 5780 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,021 | 6.3 |
| 5781 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,022 | 6.0 |
| 5782 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,023 | 6.3 |
| 5783 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,024 | 6.6 |
| 5784 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,025 | 6.6 |
| Tenant | Year | Cap Rate |
Credit (what net-lease buyers care about)
Credit Snapshot
O’Reilly Auto Parts
O’Reilly Auto Parts Net Lease: Secure, Essential Investment
O’Reilly Automotive is a nationally recognized, investment-grade net lease tenant. This guide reviews cap rates, lease terms, tenant credit, and key due diligence considerations for buyers and sellers.
For 1031 exchange buyers, O’Reilly Auto Parts Ground Lease Properties are important to compare against fee simple O’Reilly assets, as lease structure can materially impact pricing, financing, and long-term resale value.
Investors often target O’Reilly Auto Parts assets for:
- Stable Income Potential
- Recession-Resistant Auto Parts Demand
- Strong Tenant Credit Profile
- Attractive 1031 Exchange Compatibility
O’Reilly Ground Lease Properties require close comparison of rent escalations, remaining lease term, extension options, and residual land value versus fee simple ownership.
O’Reilly Auto Parts Ground Lease Properties for 1031 Exchange Buyers
O’Reilly Ground Lease Properties often trade differently than fee simple O’Reilly assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, landlord responsibilities, and reversion rights to understand long-term risk and return.
O’Reilly Auto Parts – Credit Trend (S&P vs Moody’s)
Tenant_Rating_Trend
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2022 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 2 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2023 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 3 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2024 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 4 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2025 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 5 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 99centsonlystoresllc | 99 Cents Only Stores, LLC | 2022 | Caa2 | CCC+ | Substantial Risk | Substantial Risk | 2 | 2 |
O'Reilly Automotive Stock Price (NASDAQ:ORLY)
O’Reilly Auto Parts Investment Market Statistics
AVERAGE SALE PRICE
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
O’Reilly Auto Parts Investor Snapshot (Quick Facts)
Origins & Growth (Past)
• Founded as a regional auto parts retailer
• Expanded through acquisitions and organic growth
• Built nationwide store network
• Focused on DIY and professional customers
• Invested in inventory and distribution systems
• Strengthened commercial sales segment
• Became leading U.S. auto parts retailer
Where O’Reilly Automotive Stands Today
• Large U.S. store footprint
• Leader in auto parts retail
• Strong DIY & commercial demand
• Corporate-operated store model
• Expanding commercial sales segment
• Growing distribution network
• Focus on efficiency and margins
Where O’Reilly Automotive Stands Today
• More commercial (B2B) growth
• Increased inventory automation
• Digital sales expansion
• Stronger customer loyalty programs
• Optimized store formats
• Focus on parts availability
• Benefiting from vehicle aging trends
Why investors buy O’Reilly Auto Parts NNN Properties or O’Reilly Auto Parts Lease Properties?
Pros (what buyers like)
- Strong brand & operator
Nationally recognized with long operating history and consistent performance - Essential, recession-resistant demand
Auto parts driven by ongoing vehicle maintenance and aging car fleet - Convenient retail locations
Typically positioned on high-traffic corridors with strong visibility - Attractive lease structures
Long-term NNN or ground leases appeal to passive and 1031 buyers
Cons (what can bite you)
- Lease structure variability
Some assets may be NN or modified NNN with landlord responsibilities - Limited rent growth
Many leases have minimal rent escalations - Re-tenanting considerations
Auto parts layouts can limit alternative tenant reuse - Market competition
Competing brands (AutoZone, Advance Auto) may impact performance
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a O'Reilly Automotive Net Lease
• 10–15+ years term remaining (or shorter term with strong options) • Absolute NNN or clean NNN lease structure • High-traffic retail corridor with strong visibility • Standard prototype store (efficient layout, good parking) • Rent aligned with market, supporting resale and backfill
02
⚠ Yellow Flags (Price Accordingly)
• NN lease (not true NNN) with landlord responsible for roof/structure • Flat rent with limited or no escalations • Non-prototype or oversized store (harder to re-tenant) • Weak retail location with low traffic or poor access • Overstored trade area with strong nearby competition
Find out more
O’Reilly Auto Parts Background & History
O’Reilly Automotive is a national auto parts retailer best known for serving both do-it-yourself (DIY) customers and professional repair shops. What began as a regional parts supplier evolved into a leading retail platform focused on parts availability, service speed, and consistent in-store experience.
Over time, the company built a nationwide footprint, expanding through acquisitions and organic growth. Today, customers rely on O’Reilly locations for replacement parts, maintenance items, and quick access to essential automotive products.
As consumer demand has shifted toward reliability and convenience, the company has adapted through efficient store layouts, strong inventory systems, and a distribution network that supports fast fulfillment and high product availability.
Why O’Reilly Auto Parts Matters to NNN Investors
O’Reilly operates one of the largest auto parts retail networks in the United States, serving a steady mix of DIY customers and commercial accounts. The business model is centered on repeat demand, driven by ongoing vehicle maintenance and an aging car population.
Stores are typically located along high-traffic retail corridors, supporting consistent customer flow. Unlike discretionary retail, auto parts demand tends to remain stable across economic cycles, helping maintain steady store performance.
This focus on necessity-based retail helps explain why O’Reilly remains relevant even as retail evolves. The company continues to invest in distribution, inventory management, and commercial sales to strengthen unit-level performance.
What Buyers and Sellers Should Evaluate
For investors evaluating O’Reilly Auto Parts NNN properties, an O’Reilly net lease, or an O’Reilly ground lease, the investment thesis is typically centered on essential retail demand supported by location quality.
Common searches include O’Reilly real estate, O’Reilly cap rate, O’Reilly lease term, O’Reilly tenant credit, and store performance. Ultimately, O’Reilly net lease value is driven by site-specific fundamentals, lease economics, and how the location fits within the company’s broader distribution network.
As consumer behavior and vehicle trends evolve, the strongest O’Reilly locations tend to be those that remain essential within their trade areas. Buyers and sellers should evaluate each property individually, including visibility, traffic patterns, surrounding population, nearby competition, and lease language defining landlord responsibilities.
In addition, investors should consider long-term cash-flow durability, lease structure, and how the asset may perform across different hold periods and exit strategies.
our team of experts are here for you
Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.
Whether you are comparing O’Reilly Auto Parts ground lease properties or fee simple O’Reilly Auto Parts assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.