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Auto Parts

O'Reilly Auto Parts

1300 S Main St, Roswell, NM 88203

Listing Price: $1,500,850

Cap Rate
6.00%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
13,854
Lease Type
Double Net
Rent Per Square Feet
$6.50

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an O’Reilly Auto Parts located at 1300 S Main St in Roswell, NM. The site consists of 13,854 rentable square feet of building space. The investment property is subject to a 10-year double-net lease with 7.5 years remaining with 4, 5-year tenant renewal options. O’Reilly Auto Parts first signed this lease in 1993 and has renewed multiple times.

Investment Highlights

  • 10 Year Double Net (NN) Lease Extension with 7.5 Years Remaining | Tenant at this Location Since 1993
  • Attractive Rent Increases | 15.0% in 2023 and 9.0% at Each Option
  • Corporate Guaranty | O'Reilly Automotive Stores, Inc. | S&P BBB+

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Financing By

Listing Price: $1,500,850

Cap Rate
6.00%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
13,854
Lease Type
Double Net
Rent Per Square Feet
$6.50

Investment Highlights

  • 10 Year Double Net (NN) Lease Extension with 7.5 Years Remaining | Tenant at this Location Since 1993
  • Attractive Rent Increases | 15.0% in 2023 and 9.0% at Each Option
  • Corporate Guaranty | O'Reilly Automotive Stores, Inc. | S&P BBB+

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an O’Reilly Auto Parts located at 1300 S Main St in Roswell, NM. The site consists of 13,854 rentable square feet of building space. The investment property is subject to a 10-year double-net lease with 7.5 years remaining with 4, 5-year tenant renewal options. O’Reilly Auto Parts first signed this lease in 1993 and has renewed multiple times.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

Financing By

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