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Auto Parts

O’Reilly Auto Parts (Upgraded Construction)

6751 S Potomac St, Centennial, CO 80112

Listing Price: $3,386,000

Cap Rate
4.35%
Tenant Name
O’Reilly Auto Parts
Years Remaining On Lease
14.9
Gross SF
8,482
Guarantor
Corporate Guarantee
Rentable SF
8,482
Price/Gross SF
$399.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.36

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease O’Reilly Auto Parts in Centennial, Colorado. The property consists of an 8,482-square-foot, freestanding building that sits on approximately 1.01 acres of land. The tenant signed a new 15-year lease, with a six percent rental escalation scheduled in year 11, as well as each option thereafter. The property is near the intersection of South Potomac Street and East Arapahoe Road, where combined traffic counts exceed 77,073 vehicles per day. There are more than 116,295 residents within a five-mile radius. This same area has experienced a 37 percent population increase since 2000 and is expected to increase an additional 10 percent in the next five years. The average household income of $163,914 within a five-mile radius is 149% higher than the national average.

Investment Highlights

  • New 15-Year Triple-Net Lease with a Corporate Guarantee
  • Near the Intersection of South Potomac Street and East Arapahoe Road (Combined Traffic Counts Exceed 77,073 VPD)
  • Highly Affluent South Denver Submarket - Average Household Income of $163,914 (Five-Mile Radius)
  • 37% Population Growth Since 2000 - 116,285 Residents Within a Five-Mile Radius
  • 2022 Upgraded Construction - Brick Exterior
  • Investment Grade Tenant (BBB+; S&P) - O'Reilly Automotive is a Fortune 500 Company

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Auto Parts

O’Reilly Auto Parts (Upgraded Construction)

Listing Price: $3,386,000

Cap Rate
4.35%
Tenant Name
O’Reilly Auto Parts
Years Remaining On Lease
14.9
Gross SF
8,482
Guarantor
Corporate Guarantee
Rentable SF
8,482
Price/Gross SF
$399.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.36

Investment Highlights

  • New 15-Year Triple-Net Lease with a Corporate Guarantee
  • Near the Intersection of South Potomac Street and East Arapahoe Road (Combined Traffic Counts Exceed 77,073 VPD)
  • Highly Affluent South Denver Submarket - Average Household Income of $163,914 (Five-Mile Radius)
  • 37% Population Growth Since 2000 - 116,285 Residents Within a Five-Mile Radius
  • 2022 Upgraded Construction - Brick Exterior
  • Investment Grade Tenant (BBB+; S&P) - O'Reilly Automotive is a Fortune 500 Company

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease O’Reilly Auto Parts in Centennial, Colorado. The property consists of an 8,482-square-foot, freestanding building that sits on approximately 1.01 acres of land. The tenant signed a new 15-year lease, with a six percent rental escalation scheduled in year 11, as well as each option thereafter. The property is near the intersection of South Potomac Street and East Arapahoe Road, where combined traffic counts exceed 77,073 vehicles per day. There are more than 116,295 residents within a five-mile radius. This same area has experienced a 37 percent population increase since 2000 and is expected to increase an additional 10 percent in the next five years. The average household income of $163,914 within a five-mile radius is 149% higher than the national average.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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