O’REILLY AUTO PARTS | LA JUNTA, COLORADO
INVESTMENT SUMMARY
Purchase Price
$940,000
Location
101 Dalton Ave.
Annual Rent
$73,800.00
Building Size
6,000 SF
Land Area
0.80 Acres (34,892 sf)
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
10 Years
LEASE EXPIRATION
12/31/2029
Renewal Options
RENT INCREASES
5% at Options
Parking
44 Spaces
Year Built
1997
APN
4643-033-00007
Traffic Counts
12,400 VPD
INVESTMENT HIGHLIGHTS
O'REILLY AUTO PARTS CORPORATE GUARANTEED LEASE:
- 10 Years Remaining in the Current Term
- Tenant Recently Extended Their Lease for an Additional 7 Years, Reflecting Their Strong Commitment to this Location
- Two (2) - Five (5) Year Options at 5% Rent Increases
RARE ABSOLUTE NNN O'REILLY LEASE | ZERO MANAGEMENT RESPONSIBILITIES:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
20+ YEAR OPERATING HISTORY (EST. 1997) - COMMITMENT TO LOCATION & MARKET:
- Former CSK Store
- Subject Property has Operated as an Auto Parts Store Since 1997
PROXIMITY TO OTHER MAJOR CITIES:
- Pueblo, Colorado | 66 Miles - 1 Hour: 12 Minute Drive
- Colorado Springs, Colorado | 105 Miles - 1 Hour: 47 Minute Drive
- Castle Rock, Colorado | 146 Miles - 2 Hour: 24 Minute Drive
- Denver, Colorado | 175 Miles - 2 Hour: 58 Minute Drive
TENANT:
- O'Reilly Automotive, Inc. (NYSE: ORLY)
- Strong Investment Grade Credit “BBB+” by Standard & Poor’s (S&P) – Stronger Credit Rating than Both Advance Auto Parts and AutoZone
- 5,420 Stores Located in 47 States as of September 30, 2019
- O’Reilly Anticipates Total New Store Growth to be Approximately 180 Net, New Store Openings in 2020
- Ranked #329 on the Fortune 500 List
- Long Term History of Comparable Store Sales Growth - 2019 Marked the Company's 27th Consecutive Year