The Boulder Group is pleased to exclusively market for sale a single tenant net leased O’Reilly Auto Parts property positioned within the Palm Bay MSA in Cocoa, Florida. Constructed in 2022 as a build-to-suit for O’Reilly Auto Parts, the property is backed by a long-term lease that extends through September 2037. The lease features 6% rental increases every ?ve years, including during each of the four 5-year renewal options. The next scheduled increase occurs in October 2032. Additionally, there is a 20-year roof warranty through 2042. O’Reilly Auto Parts holds an investment-grade credit rating of BBB from Standard & Poor’s.
The 7,150 square-foot building bene?ts from its position along U.S. Highway 1, which experiences over 29,300 vehicles per day and serves as a major north-south corridor running along Florida’s east coast from Jacksonville to Key West. Several major retailers neighbor the subject property, including Publix, Walgreens, Dollar General, McDonald’s, Brevard Health Alliance, and others. There are more than 43,000 people living within a ?ve-mile radius of the property. Those of which earn a six-?gure average household income of $107,889.
Founded in 1957 by Charles H. O’Reilly and his son, Charles F. O’Reilly, in Spring?eld, Missouri, O’Reilly Auto Parts has grown from a single store into one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. With a commitment to quality and customer service, the company has expanded to over 6,400 stores across 48 states, Puerto Rico, Mexico, and Canada as of March 31, 2025, serving both professional mechanics and do-it-yourself customers. O’Reilly’s success stems from its family-oriented values, extensive product offerings, and a knowledgeable team dedicated to helping customers find the right parts for their vehicles.