Net-Lease Auto Parts
1106 W Mulberry St Salem, IN 47167
1106 W Mulberry St, Salem, IN, 47167
$547,200
For Sale
$547,200
Fee simple property with extended lease through April 2035 and corporate guarantee from O’Reilly Automotive.
Days on Market20
Property Features for 1106 W Mulberry St
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
MREIS AR Real Estate
(469) 868-4798
Listed by
Landon Reynolds · License #836007 (TX)
(469) 868-4798
Source
Matthews
Added: Jul 3 Updated: Jul 22 at 3:08AM Checked: Jul 22 at 3:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MREIS AR Real Estate
Investment Insights
Based on property information with market context.
Fee simple property offered for sale with a long-term lease in place. The tenant recently executed a 10-year lease extension through April 2035, with three additional five-year renewal options, supporting potential occupancy through 2050. O’Reilly Automotive, Inc. provides a corporate guarantee of the lease. Under the net lease structure, the tenant is responsible for CAM, real estate taxes, insurance, HVAC, and parking lot maintenance.
Located at 1106 W Mulberry St in Salem, Indiana, the property benefits from reported traffic of approximately 16,200 vehicles per day and strong retail adjacency to national tenants such as Walmart, Taco Bell, McDonald’s, Burger King, Ace Hardware, Tractor Supply, and others. The remarks also reference a healthy average household income of $73,472 within a five-mile radius, and note O’Reilly Auto Parts’ continued operations and rent payments throughout the COVID-19 pandemic.
Located at 1106 W Mulberry St in Salem, Indiana, the property benefits from reported traffic of approximately 16,200 vehicles per day and strong retail adjacency to national tenants such as Walmart, Taco Bell, McDonald’s, Burger King, Ace Hardware, Tractor Supply, and others. The remarks also reference a healthy average household income of $73,472 within a five-mile radius, and note O’Reilly Auto Parts’ continued operations and rent payments throughout the COVID-19 pandemic.
Key Highlights
- Tenant executed a 10‑year lease extension through April 2035, with three additional five‑year renewal options (potential through 2050).
- Lease is corporately guaranteed by O’Reilly Automotive, Inc. (investment‑grade; S&P BBB+), a publicly traded company with 6,100+ stores.
- Net lease structure: tenant responsible for CAM, real estate taxes, insurance, HVAC, and parking lot maintenance.
Property Analytics
Location Intelligence
Current Use by Public Records
O'Reilly Auto Parts
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- D&G Auto Repair — 201 W Market St, Salem, IN 47167
- LNA Performance — 305 S Water St, Salem, IN 47167
- Hughes Tire Service — 209 S Water St, Salem, IN 47167
- Dayton Tires — Salem, IN 47167
- Wynn's Lube & Auto Laundry — 201 W Market St, Salem, IN 47167
FAQs
What type of property is this?
Auto shop - Fee simple property with extended lease through April 2035 and corporate guarantee from O’Reilly Automotive.
Where is this auto shop located?
The property is located at 1106 W Mulberry St Salem, IN.
What is the asking price?
The asking price for this property is $547,200.
What are key features of this property?
This property features: Tenant executed a 10‑year lease extension through April 2035, with three additional five‑year renewal options (potential through 2050).; Lease is corporately guaranteed by O’Reilly Automotive, Inc. (investment‑grade; S&P BBB+), a publicly traded company with 6,100+ stores.; Net lease structure: tenant responsible for CAM, real estate taxes, insurance, HVAC, and parking lot maintenance.
