O'Reilly Auto Parts
Investment-grade (BBB) operator adding ~225-235 stores a year with consistently positive comps. New-build leases are usually 15-year NNN with modest increases, offering durable, low-management income.
- US units
- 6,541
- Q2 2026
- 3Y net growth
- +10.3%
- vs. FY2022 (approx.)
- Credit rating
- BBB
- Investment grade
- Typical term
- 15 yr
- NNN
- Model
- Corporate
- Public
Unit count
O'Reilly Auto Parts in the news
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O'Reilly Auto Parts net lease FAQ
What is O'Reilly Auto Parts's credit rating?
O'Reilly Auto Parts is rated BBB, which is investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many O'Reilly Auto Parts locations are there in the US?
O'Reilly Auto Parts reported about 6,541 US locations as of Q2 2026. That is +10.3% versus 5,929 in FY2022 (approx.).
What does a typical O'Reilly Auto Parts net lease look like?
Lease type: NNN. Initial term: 15 yr. Rent increases: ~6% every 5 yr. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is O'Reilly Auto Parts corporate or franchised?
Operating model: Corporate. O'Reilly Auto Parts is part of O'Reilly Automotive. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.