Net-Lease Auto Parts
For Sale
$547,200
1106 W Mulberry St, Salem, IN 47167
Fee simple property with extended lease through April 2035 and corporate guarantee from O’Reilly Automotive.
Property Size7,500 SF
Days on Market49
Property Features for 1106 W Mulberry St
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Commercial
Lease Term
±9.2 YRS
Net Operating Income
$34,200
Additional Details
Traffic Count
16,200 vehicles/day
Building Details
Building Size
7,500 SF
Year Built
1978
Listing Agency:
Matthews Real Estate Investment Services, Inc
(469) 868-4798
Listed By:
Landon Reynolds · License #836007 (TX)
(469) 868-4798
Source:
Matthews
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 20 at 4:03AM
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 Matthews Real Estate Investment Services, Inc
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
Property Profile
Current Use
Lease Details
16,200 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47167, IN
15,683
Population
6,547
Households
2.4
Avg Household Size
42
Median Age
14%
College-Educated
88%
High-School Grad
213.0 sq mi
ZIP Area
74
Density / Sq Mi
$57,697
Median Household Income
$38,038
Median Earnings
$726
Median Rent
$161,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
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Frequently Asked Questions
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.
