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Auto Parts

O'Reilly Auto Parts

1300 S Main St, Roswell, NM 88203

Listing Price: $1,042,800

Cap Rate
6.00%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
10,396
Lease Type
Double Net
Rent Per Square Feet
$6.02

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 10,396 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

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Listing Price: $1,042,800

Cap Rate
6.00%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
10,396
Lease Type
Double Net
Rent Per Square Feet
$6.02

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 10,396 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

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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