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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 Market187

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
Source: Moodyscre
Added: Mar 13 Changed: Sep 12 Last Checked: Sep 15 at 10:46AM

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

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Current Use

O'Reilly Auto Parts Auto Parts Store

Suggested Use

Top Pick Dental Office Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Real Estate Agency Locksmith

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

187
Businesses Nearby
43k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 93% Hotels & Casinos 5% Dining 2%
Kwik Trip Shops & Services
33,563 visits/mo 0.2 miles
Dollar General Shops & Services
5,925 visits/mo 0.3 miles
Comfort Inn Hotels & Casinos
1,119 visits/mo 0.2 miles
A&W Restaurant Dining
890 visits/mo 0.4 miles
U-Haul Shops & Services
833 visits/mo 0.4 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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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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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