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O'Reilly Auto Parts Retail Store
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1907 S Stephenson Ave, Iron Mountain, MI 49801

Single-tenant O'Reilly Auto Parts location with 8.7 years remaining on the primary lease and 6% annual rent escalations.

Property Size7,200 SF
Days on Market142

Property Features for 1907 S Stephenson Ave

General Information

Standard status Active
Size 7,200 SF
Property subtype RETAIL

Additional Details

Anchor Co-Tenants Walmart Supercenter
Listing Agency: JLL | Dallas
Listed By: Coler Yoakam · License #TX 601565
Source: Moodyscre
Added: Mar 13 Changed: Jul 29 Last Checked: Jul 31 at 10:23AM

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 JLL | Dallas

Investment Insights

Based on property information with market context.

This for-sale, single-tenant retail storefront is leased to O'Reilly Auto Parts and includes 8.7 years remaining on the primary lease term. The lease calls for 6% annual rent escalations, providing built-in growth over the remaining term.

Public remarks also note the site’s proven customer demand and describe it as a top-performing store within the automotive retail segment. The property is positioned near a Walmart Supercenter that draws more than 2.2 million annual visits, and the O'Reilly is described as the 3rd most visited within a 50-mile radius.

Overall, the asset is offered as a stabilized, lease-secured retail investment with a long remaining primary term and scheduled rent increases.

Key Highlights

  • Single‑tenant O'Reilly Auto Parts location with 8.7 years remaining on the primary lease.
  • Lease includes 6% annual rent escalations.
  • Tenant is described as having strong credit and market‑leading position in the automotive segment.

Property Analytics

Current Use

O'Reilly Auto Parts Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

674
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 88% Hotels & Casinos 7% Home Improvements & Furnishings 5%
Wendy's Dining
12,898 visits/mo 0.4 miles
Hardee's Dining
5,232 visits/mo 0.4 miles
Thai Bistro Dining
2,260 visits/mo 0.3 miles
TownePlace Suites by Marriott Hotels & Casinos
1,653 visits/mo 0.1 miles
Pat's Campioni's TrueValue Home Improvements & Furnishings
1,176 visits/mo 0.1 miles

Demographics for 49801, MI

11,479
Population
5,927
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
123.9 sq mi
ZIP Area
93
Density / Sq Mi
$62,461
Median Household Income
$41,468
Median Earnings
$667
Median Rent
$157,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

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  • Iron Mountain Automotive — 407 N Stephenson Ave, Iron Mountain, MI 49801
  • Rc Rebuilders & Fabricators — 1800 Industrial Park Dr, Iron Mountain, MI 49801

Frequently Asked Questions

What type of property is this?
Auto shop - Single-tenant O'Reilly Auto Parts location with 8.7 years remaining on the primary lease and 6% annual rent escalations.
Where is this auto shop located?
The property is located at 1907 S Stephenson Ave Iron Mountain, MI.
What are key features of this property?
This property features: Single‑tenant O'Reilly Auto Parts location with 8.7 years remaining on the primary lease.; Lease includes 6% annual rent escalations.; Tenant is described as having strong credit and market‑leading position in the automotive segment.
(469) 232-1982 Call to check price and availability
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