Description

Ross & O’Reilly Auto Parts is a fully occupied retail property at 1165 Arnold Drive in Martinez, CA. Anchored by Ross Dress for Less and O’Reilly Auto Parts, its 29,027 SF of gross leasable area gives investors exposure to two distinct retail categories.

Ross occupies a recently renovated former Rite Aid space, while O’Reilly is a longstanding tenant whose space received building improvements in 2020. Built in 1984 and renovated in 2020, the Property sits on 1.1 acres and is zoned R-B. Both retailers operate under NNN leases, a structure that places operating expense responsibilities with the tenants while retaining landlord obligations under their leases. The combination of discount apparel and automotive parts gives the buyer income from separate retail businesses.

In the Martinez / East Bay submarket, the Property sits within Lucky Supermarket-anchored Village Oaks, directly adjacent to Walmart and Home Depot-anchored centers. Arnold Drive carries 7,357 AADT, putting the retailers along an established shopping route. The site is near the Morello Avenue exit from Highway 4, with connections toward Interstate 680 and the greater East Bay. Nearby McDonald’s, IHOP and Chipotle add to the surrounding retail mix and give customers multiple reasons to visit the area.

Offered at $7,195,000, or $248 PSF, the Property has a 6% cap rate and $431,585 in NOI. Its 100% occupancy puts the focus on the existing leases, tenant obligations and income rather than a vacancy lease-up. Ross’s recent conversion and O’Reilly’s established presence create a two-tenant investment with different operating histories at the same address. For a buyer seeking occupied retail with national tenants, the NNN lease structure is central to the ownership story. Review the Offering Memorandum for the transaction.