O'Reilly Auto Parts

Available

O’Reilly Auto Parts

Colorado Springs, CO 80918

Price

$3,143,000

Cap Rate: 5.50%

Lead Broker

Zach Wright

720.966.1628 Zach@BlueWestCapital.com

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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 that commenced 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.

Investment Highlights

15-year lease that commenced in March 2023
O’Reilly Auto Parts is an investment grade rated company (S&P: BBB)
6% rental escalations every 5 years beginning in Year 11
Brand-new construction build-to-suit property
Upgraded high end construction building featuring all brick and masonry
Concrete parking lot
Large 1.18-acre parcel

BROKER OF RECORD

Blue West Capital, LLC

7345 Duryea Drive, Colorado Springs, CO, 80918

Location Highlights

Located in the Powers Auto Park surrounded by numerous car dealerships (Corwin Toyota, Groove Honda, Bob Penkhus Mazda, Faricy Boys Chrysler & Jeep, AutoNation Dodge, and Rocky Mountain Auto Brokers) and auto service users (Christian Brothers Automotive, Mister Car Wash, Caliber Collision, Discount Tire, Brakes Plus)
Positioned immediately south of East Woodmen Road (43,000 VPD)
One mile west of Centura St. Francis Hospital (276-beds and 1,083 staff)
Limited auto parts competition in the immediate area with the nearest AutoZone and Advance Auto Parts stores approximately three miles away
Immediate proximity to VillaSport Athletic Club and Spa, a 175,000 SF state-of-the-art athletic club
Retailers in the immediate corridor include Walmart Supercenter, Home Depot, King Soopers, Walgreens, CVS, Chase Bank, Kum & Go, and many others
Average annual household incomes are in excess of $130,000 within one mile
Approximately 125,000 people living within three miles with 1.2% projected annual population growth
Ranked the #1 “Most Desirable Place to Live in the U.S.” in 2022 by U.S. News
Colorado Springs is the largest city in Colorado by land area