O'Reilly Auto Parts NNN
For Sale
Contact for pricing
4149 Taylor Blvd, Louisville, KY 40215
Freestanding built-to-suit automotive retail property with double-net lease terms and limited landlord obligations.
Property SizeContact for details
Days on Market143
Property Features for 4149 Taylor Blvd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Frank Rogers · License #MI 6502417063
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 8:51AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding NNN property is a Class A, built-to-suit O'Reilly Auto Parts facility in Louisville, Kentucky. The building was scheduled for delivery in the first quarter of 2017 and is leased under a 20-year primary term. Contractual rent increases include a 6.0% adjustment in year 11, followed by three additional five-year option periods with 6.0% increases. The lease is corporately guaranteed by O'Reilly Auto Parts, Inc., which carries an S&P “BBB” credit rating.
The property is positioned on Taylor Boulevard, a major thoroughfare leading toward downtown Louisville, with an average daily traffic count of 22,000 VPD at the ingress and egress. Churchill Downs is located to the north, while the surrounding five-mile area includes a population exceeding 233,000 and average household income above $46,000.
The double-net structure assigns responsibility for the roof, structure, and parking lot to the landlord, while the lease provides three further option periods beyond the initial term.
The property is positioned on Taylor Boulevard, a major thoroughfare leading toward downtown Louisville, with an average daily traffic count of 22,000 VPD at the ingress and egress. Churchill Downs is located to the north, while the surrounding five-mile area includes a population exceeding 233,000 and average household income above $46,000.
The double-net structure assigns responsibility for the roof, structure, and parking lot to the landlord, while the lease provides three further option periods beyond the initial term.
Key Highlights
- 20‑year primary lease term with a 6.0% rent increase in year 11
- Three additional five‑year options, each with 6.0% rent bumps
- Corporate guarantee from O'Reilly Auto Parts, Inc.; S&P credit rating of “BBB”
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Groceries 20%
Thorntons
Shops & Services
26,543 visits/mo
0.1 miles
Save-A-Lot
Groceries
11,094 visits/mo
0.2 miles
Dollar General
Shops & Services
7,176 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,370 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
4,201 visits/mo
0.1 miles
Demographics for 40215, KY
21,230
Population
9,070
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
79%
High-School Grad
3.5 sq mi
ZIP Area
6,066
Density / Sq Mi
$42,762
Median Household Income
$32,815
Median Earnings
$976
Median Rent
$106,500
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding built-to-suit automotive retail property with double-net lease terms and limited landlord obligations.
Where is this nnn property located?
The property is located at 4149 Taylor Blvd Louisville, KY.
What are key features of this property?
This property features: 20‑year primary lease term with a 6.0% rent increase in year 11; Three additional five‑year options, each with 6.0% rent bumps; Corporate guarantee from O'Reilly Auto Parts, Inc.; S&P credit rating of “BBB”
