2881 81St AveMerrillville, IN 46410

This exceptional investment opportunity presents a 42,097 square-foot O'Reilly Auto Parts retail and distribution hub in Merrillville, Indiana. Located at 2881 E 81st Ave, this property boasts a prime location within the Chicago MSA, situated on an outparcel to a Home Depot and Target, ensuring high visibility and traffic. The building, renovated in 2024, benefits from a strong 15-year net lease commencing October 11, 2024, with four 5-year renewal options and 8% rent bumps starting in year 11. The tenant, O'Reilly Auto Parts, is investment-grade rated (BBB by Standard & Poor's), guaranteeing a stable income stream. The property's strategic location along East 81st Avenue (65,400 VPD) and proximity to Interstate 65 (67,400 VPD) provide exceptional accessibility. The surrounding area features a dense retail corridor including Southlake Mall, Sam's Club, Walmart, Costco, and other major retailers. With a 5.50% cap rate and a strong NOI of $391,968, this asset offers a compelling return on investment. The 3.96-acre lot size and the large format store design, serving as both a retail storefront and distribution center, further enhance its value. The property is 100% occupied and serves a population of over 89,100 within a five-mile radius, boasting an average household income exceeding $89,200. This is a rare opportunity to acquire a high-performing, net-leased property with a strong tenant and exceptional location. The asking price is $7,126,709, with a price per square foot of $169.29.