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.