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O'Reilly Auto Parts store building in La Junta CO STNL for Sale

Listing was updated at: 07/15/2019

Property Overview

Price/Rent PSF $ 1,160,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 7,320
Date Available 07/15/2019
Additional URL Link
Floors 1
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Description

Location
O'Reilly's Auto Shop is located in a great spot along Highway 50
La Junta is county seat for southern Colorado Otero County

Sale
Single Tenant Net Lease - absolute NNN - of an O'Reilly Auto Parts store in La Junta CO . Tenant has over 3 years remaining on current option period, with two remaining 5 year option (with 5% escalators) Checkers Auto Parts was Original Tenant at this building in 1997. In 2017, O'Reilly acquired Checker and this lease was assigned to O'Reilly. Priced at a 6.5% cap on current annualized net rents. O'Reilly Auto Parts (NASDAQ: ORLY) had a Moody's Baa1 rating in 2018, and had almost $10B in sales at over 5,000 stores.

Location

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