609 W Madison St

Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire an O’Reilly Auto Parts property located at 609 W Madison Street in Houston, Mississippi. The property is leased to O’Reilly Automotive, Inc. (NASDAQ: ORLY), one of the largest specialty retailers of automotive aftermarket parts in the United States with more than 6,500 locations nationwide. The asset features a 7,523 square foot building situated on 0.84 acres, with a long-term operating history at this location since 2007. The lease is structured so that the tenant is responsible for taxes, HVAC, parking lot, and utilities, all directly, while the landlord covers the roof and structure. The tenant carries, at its sole cost, “all risk” insurance that covers the building including fire and extended coverage, and commercial general liability insurance. The Landlord will also hold commercial general liability insurance, without reimbursement. This well-located property also benefits from excellent visibility along W Madison Street, convenient access, and strong co-tenancy in the immediate trade area. With a nationally recognized, investment-grade tenant and a successful track record at the site, this offering represents a compelling opportunity to acquire a stable, income-producing asset in the resilient automotive aftermarket sector.

Investment highlights

O’Reilly Automotive, Inc. a corporate credit tenant operating 6,500+ locations nationwide.

Adjacent to Dollar General, a top 21% location Nationwide according to Placer.ai.

Three five-year options remaining with increases.

Neighboring Shell gas station is a top 11% store nationwide according to Placer.ai.

Strong visibility with pylon signage on the main East/West Corridor through Houston.

Established operating history of nearly 20 years at the subject property.

Positioned next to another National Retailer in Dollar General, which is also available for purchase.