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Auto Parts

O'Reilly Auto Parts

12239 Pellicano Dr, El Paso, TX 79936

Listing Price: $2,074,000

Cap Rate
5.00%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
4.7
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$296.29
Lease Type
Double Net
Rent Per Square Feet
$14.81

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease O’Reilly Auto Parts in El Paso, Texas. The property consists of a 7,000-square-foot, freestanding building that sits on approximately 0.76 acres of land. There are approximately 4.7 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option. The tenant exercised their first option in 2021, demonstrating their commitment to this site. The property is near the intersection of Pellicano Drive and Joe Battle Boulevard, where combined traffic counts exceed 51,467 vehicles per day. The area is extremely dense with more than 265,682 residents within a five-mile radius. Surrounding retailers in the immediate area include Family Dollar, Valero, Speedway, AutoZone, Walmart Neighborhood Center, Subway and many more. O’Reilly Auto Parts is one of the largest specialty retailers of automotive aftermarket parts in the United States, serving both the do-it-yourself and professional service provider markets. In 2019, the company reported sales of $10.15 billion and has a Standard & Poor’s BBB+ (investment grade) credit rating.

Investment Highlights

  • Corporate Store with Approximately 4.7 Years Remaining
  • Tenant has Operated at this Location for 15 Years and Exercised Their First Option in 2021
  • Near the Intersection of Pellicano Dr and Joe Battle Blvd (Combined Traffic Counts Exceed 51,467 VPD)
  • Dense Infill Location - More than 265,682 Residents Within a Five-Mile Radius
  • 2018 Renovation - New Roof and HVAC
  • Investment Grade Tenant (BBB+; S&P) - O'Reilly Automotive is a Fortune 500 Company
  • 20 Minute Drive from the Bridge of the America's, El Paso's Highest Volume Border Crossing (More Than 26.3 Billion Border Crossings in 2019)

Exclusively Listed By

Financing By

Listing Price: $2,074,000

Cap Rate
5.00%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
4.7
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$296.29
Lease Type
Double Net
Rent Per Square Feet
$14.81

Investment Highlights

  • Corporate Store with Approximately 4.7 Years Remaining
  • Tenant has Operated at this Location for 15 Years and Exercised Their First Option in 2021
  • Near the Intersection of Pellicano Dr and Joe Battle Blvd (Combined Traffic Counts Exceed 51,467 VPD)
  • Dense Infill Location - More than 265,682 Residents Within a Five-Mile Radius
  • 2018 Renovation - New Roof and HVAC
  • Investment Grade Tenant (BBB+; S&P) - O'Reilly Automotive is a Fortune 500 Company
  • 20 Minute Drive from the Bridge of the America's, El Paso's Highest Volume Border Crossing (More Than 26.3 Billion Border Crossings in 2019)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease O’Reilly Auto Parts in El Paso, Texas. The property consists of a 7,000-square-foot, freestanding building that sits on approximately 0.76 acres of land. There are approximately 4.7 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option. The tenant exercised their first option in 2021, demonstrating their commitment to this site. The property is near the intersection of Pellicano Drive and Joe Battle Boulevard, where combined traffic counts exceed 51,467 vehicles per day. The area is extremely dense with more than 265,682 residents within a five-mile radius. Surrounding retailers in the immediate area include Family Dollar, Valero, Speedway, AutoZone, Walmart Neighborhood Center, Subway and many more. O’Reilly Auto Parts is one of the largest specialty retailers of automotive aftermarket parts in the United States, serving both the do-it-yourself and professional service provider markets. In 2019, the company reported sales of $10.15 billion and has a Standard & Poor’s BBB+ (investment grade) credit rating.

Exclusively Listed By

Financing By

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