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West Coast Investor Picks Up O'Reilly Store

CHICAGO—Cap rates in the auto parts sector have significantly compressed since the fourth quarter of 2012.

By Brian J. Rogal | Updated on December 30, 2014

CHICAGO—Few single-tenant net leased properties are more attractive to buyers than investment-grade auto parts stores, and properties here frequently bring in out-of-town investors. The Boulder Group, for example, an investment brokerage firm in Northbrook, IL, has just completed the sale of a net leased O’Reilly Auto Parts store located at 854 Summit St. in suburban Elgin for $2,500,000 to a West Coast investor.  

As reported in GlobeSt.com, a report published earlier this year by Boulder found that cap rates in the auto parts store sector compressed from the fourth quarter of 2012 to the fourth quarter of 2013 by 31 bps. A limited supply of investment grade assets has helped push the rates down.

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