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Cape Girardeau will be home to the newest O'Reilly Auto
Parts Store according to Tom Kelsey, commercial broker with Lorimont
Place, Ltd. who handled the lease transaction.
Kelsey said the Springfield, Missouri based parts
distributor finalized a long term lease on the 12,000 square foot
building located at 370 N. Kingshighway near the Broadway intersection.
The 47-year-old O'Reilly company is one of the top five
auto parts chains in the country with 1,170 stores and is projecting
$1.7 billion in total sales for 2004. Currently O'Reilly has
stores in Malden, Sikeston, Kennett, Dexter and Poplar Bluff in
Southeast Missouri.
The location originally housed a Save-A-Lot and Ward's
Big Star Grocery Store in years past. It was recently vacated by
Freedom Rock.
Kelsey said Capaha Bank purchased the 27,500 square foot
development and intended originally to occupy the 12,000 square foot
Freedom Rock Building and have his Lorimont company lease the balance of
the space.
With the O'Reilly lease and the discovery of some
structural problems with the space formerly occupied by Super-D Drugs,
it was decided to raze that section of the development and build a new
Capaha branch bank on the site nearest the Kingshighway and Broadway
intersection.
Construction on the new bank branch should begin within
the next 90 days. The new O'Reilly Auto Parts Store opened in mid-
December and employs 10 to 15.
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