Brand-new high-end construction
Blue West Capital is pleased to exclusively offer for sale a single tenant O’Reilly Auto Parts located in Colorado Springs, CO. It features a 15-year lease estimated to commence in March 2023. There are 6% rental escalations every 5 years beginning in Year 11. The property is a brand-new construction build-to-suit property with upgraded high-end construction featuring all brick and masonry. O'Reilly Auto Parts is an investment grade rated company (S&P: BBB).
The property is located in the Powers Auto Park surrounded by numerous car dealerships. It is positioned immediately south of East Woodmen Road with over 43,000 vehicles per day. There are limited auto parts competition in the immediate area with the nearest AutoZone and Advance Auto Parts stores approximately three miles away.