6380 Coors NW Blvd Albuquerque, NM 87120-2710

This exceptional investment opportunity presents a 7,333 square foot, Class A retail auto parts store in Albuquerque, New Mexico. The property, built in 2019, boasts a 14.6-year remaining lease term with O'Reilly Auto Parts (NASDAQ: ORLY), a Fortune 500 company with a strong S&P investment grade credit rating. The lease features a corporate guarantee and attractive 6% rent bumps every five years, ensuring consistent income growth. Located on a 0.78-acre lot at a hard corner location on Coors Blvd NW, the property benefits from exceptional visibility and high traffic counts exceeding 46,000 vehicles daily. The property is situated in a densely populated and affluent area, with an average household income exceeding $94,000 within a 3-mile radius and over 196,000 residents within a 5-mile radius. Its strategic location near major retailers like Sprouts, Albertsons, CVS, Walgreens, and PetSmart, as well as the Cottonwood Mall, further enhances its appeal. The property offers a strong 5.65% cap rate and a net operating income (NOI) of $128,989. The roof warranty extends until 2039. This is a rare opportunity to acquire a high-quality, net-leased property with a long-term tenant and significant upside potential. Asking price is $2,282,991.