Subject property includes a 6,400sf freestanding, single tenant building on a 1.1 acre parcel located in Chillicothe, IL. Asset was built for and is currently occupied by O'Reilly Auto Parts, one of the largest automotive retailers in the country. Asset is secured by a 20yr net lease, which currently has 12+ years remaining on the initial fixed term, followed by three 5yr renewal options. The property has attractive 5% rent increases after year 10 (2017) and at every option period. The property benefits significantly from extremely low rent of $9.38/sf. Lease is an absolute NNN structure whereby there are zero landlord maintenance responsibilities. The subject property is ideally situated along the town's main street with tremendous visibility & access and further benefits from high traffic counts. Asset affords a passive investor the rare opportunity to acquire low price point, passive net leased investment providing stable returns and a strong inflation hedge, secured by a best in class tenant.

Location Description:

Subject property is located along 4th St., which acts as the main north-south arterial thoroughfare in Chillicothe, IL. The property is situated just south of the intersection of Cloverdale Rd. & 4th St., and as such has fantastic visibility & ingress/egress. 4th St. is also the regions dominant retail corridor and as such the property is surrounded by numerous national tenants. The property also benefits from traffc counts directly in front of it exceeding 17,000 cars per day. Chillicothe is a city on the Illinois River and located in Peoria County. The city has a population of nearly 15,000 people within a 5 mile radius, and as part of the Peoria MSA the population exceeds 50,000. Chillicothe is located 12 miles north of Peoria, situated directly on Illinois Highway 29. Peoria is a city in, and the county seat of Peoria County, IL. It is the largest city on the Illinois River. It is the seventh-most populated city in Illinois with a population of 115,000 people. Peoria is the home to the headquarters of Caterpillar Inc.

Highlights:

>> Absolute Net Lease With Zero LL Responsibilities; 20yr Original Fixed Term; 12+ Years Remaining

>> Low Price Point; Extremely Low Rent Of $9.38/sf; 5% Rent Increase In 2017 & At Every Option Period Providing A Strong Inflation Hedge

>> Located Along City's Dominant Thoroughfare & Retail Trade Corridor; Excellent Visibility & Access; Traffic Counts Exceed 15,000 Cars Per Day

>> 12 Miles From Peoria; Part Of Peoria MSA- Population Of Nearly 400,000 People

>> Guaranteed By O'Reilly Auto Parts; S&P Rating Of "BBB-"; $23B Market Cap

Sales Info:

>> Commision split: 2.0%