Offering Memorandum
Property Highlights
- Net Leased O'Reilly Auto Parts Investment Property
- 5.75 Years Remaining on Long Term Lease, 10% Rent Increase in October 2021
- Tenant Recently Expanded Space to 6,511 SF & Exercised First Option Early
- Strong Corporate Guarantee, Excellent Financial Results During Pandemic
- Strategic Location in Glenwood Springs (2.3 Million Annual Visitors), off of Interstate 70 and Highway 6
- Price: $2,496,000
- Lot Size: 0.38
- Cap Rate: 6.41%
- Lease Type: Double Net (NN)
- Year Built: 1984/2006
- Building SF: 6,511
- Status: Sold
- Guarantor: Corporate - O'Reilly Auto Enterprises, LLC.