O’Reilly Auto Parts – Lovington, NM

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

PROPERTY HIGHLIGHTS

  • 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

CONTACT US

PAUL TRUPIA III
P: 646.791.0818
paul@kentwoodcapital.com

ED BRESLIN
P: 310.774.3790
ebreslin@kentwoodcapital.com

OFFERING
MEMORANDUM

To download the offering memorandum, please enter your name, email address and indicate whether you are a Buyer or Broker: