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3030 W Lincoln Way
South Bend, IN 46628

$830,000 USD

Freestanding For Sale  •  7,364 SF

Property Details

• Property Type Freestanding
• Total Building Size 6,480 SF
• Lot Size 0.96 AC
• Building Class C
• Year Built 1995
• Tenancy Single
• Zoning CB

0 Transit Score

68 Walk Score

Highlights

CREDIT TENANT: O’Reilly Automotive, Inc. (NYSE: ORLY), with a robust $67B market cap and Investment Grade credit (S&P Rated: BBB)

FRESHLY SIGNED EARLY LEASE EXTENSION: O’Reilly agreed to an early extension of the lease for an additional FIVE YEARS

STRONG RETAIL POSITIONING: Situated on the busy East/West Lincoln Way with approximately 19,000 VPD passing by, the subject property

BELOW REPLACEMENT COST: Construction costs have risen rapidly in recent years, new construction auto parts stores currently ranging from $1.75-2.50mm

ASYMMETRIC VALUE: O’Reilly moved into a former Blockbuster in 2007, paying significantly less than the typical $100,000 to $150,000 rents

Public Transportation

Commuter Rail	Drive	Walk	Distance
South Bend Airport Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line))	4 min	-	1.4 mi
South Bend Amtrak Station (Capitol Limited - Amtrak, Lake Shore Limited - Amtrak)	3 min	-	1.4 mi
Airport	Drive	Walk	Distance
South Bend International	13 min	-	3.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	35
Type:	Surface
Included in Rent:	Yes