Investment Offering – $995,000
525 W. Avenue D | Lovington, NM 75840
|NOI: $61,200||Cap Rate: 6.15%|
|Lease Term: 20||Remaining Term: 12.5|
|Lease Type: NN||Building Sq. Ft.: 6,600|
|Renewal Options: Three (3), Five (5) Year Options|
- Long term twenty (20) Year lease with Twelve And A Half (12.5) Years remaining on the base lease term.
- Three (3), Five (5) Year Renewal Options with 6% increases beginning in year 11 and in each option period.
- The subject property is centrally located with access to the city’s main corridor.
- The site has excellent visibility and traffic counts of 8,433 VPD on Avenue D
- The property is 100% leased to O’Reilly Automotive Stores, Inc.
- As of December 31, 2018, O’Reilly Automotive, Inc. had revenues of $9.54 Billion, and operated 5,219 Stores in 47 States
- O’Reilly currently maintains an investment grade S&P rating of BBB and a Baa1 from Moody’s