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Auto Parts

O’Reilly Auto Parts (NASDAQ: ORLY) | Albuquerque - Strong Demos | 15+ Year Lease

6380 Coors Blvd NW, Albuquerque, NM 87120

Listing Price: $2,282,991

Cap Rate
5.65%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
15.4
Gross SF
7,333
Guarantor
Corporate Guarantee
Rentable SF
7,333
Price/Gross SF
$311.33
Lease Type
Double Net
Rent Per Square Feet
$17.59

Investment Overview

Albuquerque, also known as ABQ, Burque, and the Duke City, is the most populous city in the U.S. state of New Mexico. Founded in 1706 as La Villa de Alburquerque by Santa Fe de Nuevo México governor Francisco Cuervo y Valdés, and named in honor of Francisco Fernández de la Cueva, 10th Duke of Alburquerque and Viceroy of New Spain, it served as an outpost on El Camino Real linking Mexico City to the northernmost territories of New Spain. In 2006, the city celebrated its 300th anniversary. Located in the Albuquerque Basin, the city is flanked by the Sandia Mountains to the east and the West Mesa to the west, with the Rio Grande and bosque flowing north-to-south through the middle of the city. According to the 2020 census, Albuquerque had 564,559 residents, making it the 32nd-most populous city in the United States and the fourth largest in the Southwest. The Albuquerque metropolitan area had 955,000 residents in 2023, and forms part of the Albuquerque–Santa Fe–Las Vegas combined statistical area, which had a population of 1,162,523. Albuquerque is a hub for technology, fine arts, and media companies. It is home to several historic landmarks, the University of New Mexico, the Albuquerque International Balloon Fiesta, the Gathering of Nations, the New Mexico State Fair, and a diverse restaurant scene, which features both New Mexican and global cuisine.

Investment Highlights

  • 15+ Year Corporate Lease Featuring a 6% Rental Increase in 2029, 2034 and at Each Option. 2019 High Quality Construction w/ Roof Warranty in Place Up until 2039.
  • Positioned Along Area's Major Retail & Traffic Corridor - Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 46k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of $94k+ within a 3-Mile Radius & over 196k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers including Sprouts, Albertsons Market, CVS Pharmacy, Walgreens, PetSmart, and many more.
  • Minutes from Cottonwood Mall - the Second Largest Shopping Center in the State of New Mexico with more than 130 Retail, Dining and Entertainment Options.
  • The Overall Company is Ranked #287 on Fortune 500 List & Features a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of 14.40 Billion.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Auto Parts

O’Reilly Auto Parts (NASDAQ: ORLY) | Albuquerque - Strong Demos | 15+ Year Lease

Listing Price: $2,282,991

Cap Rate
5.65%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
15.4
Gross SF
7,333
Guarantor
Corporate Guarantee
Rentable SF
7,333
Price/Gross SF
$311.33
Lease Type
Double Net
Rent Per Square Feet
$17.59

Investment Highlights

  • 15+ Year Corporate Lease Featuring a 6% Rental Increase in 2029, 2034 and at Each Option. 2019 High Quality Construction w/ Roof Warranty in Place Up until 2039.
  • Positioned Along Area's Major Retail & Traffic Corridor - Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 46k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of $94k+ within a 3-Mile Radius & over 196k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers including Sprouts, Albertsons Market, CVS Pharmacy, Walgreens, PetSmart, and many more.
  • Minutes from Cottonwood Mall - the Second Largest Shopping Center in the State of New Mexico with more than 130 Retail, Dining and Entertainment Options.
  • The Overall Company is Ranked #287 on Fortune 500 List & Features a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of 14.40 Billion.

Investment Overview

Albuquerque, also known as ABQ, Burque, and the Duke City, is the most populous city in the U.S. state of New Mexico. Founded in 1706 as La Villa de Alburquerque by Santa Fe de Nuevo México governor Francisco Cuervo y Valdés, and named in honor of Francisco Fernández de la Cueva, 10th Duke of Alburquerque and Viceroy of New Spain, it served as an outpost on El Camino Real linking Mexico City to the northernmost territories of New Spain. In 2006, the city celebrated its 300th anniversary. Located in the Albuquerque Basin, the city is flanked by the Sandia Mountains to the east and the West Mesa to the west, with the Rio Grande and bosque flowing north-to-south through the middle of the city. According to the 2020 census, Albuquerque had 564,559 residents, making it the 32nd-most populous city in the United States and the fourth largest in the Southwest. The Albuquerque metropolitan area had 955,000 residents in 2023, and forms part of the Albuquerque–Santa Fe–Las Vegas combined statistical area, which had a population of 1,162,523. Albuquerque is a hub for technology, fine arts, and media companies. It is home to several historic landmarks, the University of New Mexico, the Albuquerque International Balloon Fiesta, the Gathering of Nations, the New Mexico State Fair, and a diverse restaurant scene, which features both New Mexican and global cuisine.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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