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1206 S Stockton Ave
Monahans, TX 79756
O'Reilly Auto Parts · Retail Property For Sale
PROPERTY FACTS
About 1206 S Stockton Ave , Monahans, TX 79756
Marcus and Millichap is pleased to present for sale a single tenant free-standing O’reilly Auto Parts located in Monahans, Texas. The subject property consists of a 6,400 square feet building situated on a 0.9 acre lot with outstanding visibility from Stockton avenue, which is the major retail corridor in the area. Surrounding retailers include Lowe’s, Dairy Queen, McDonald’s, Family Dollar, Dollar General, Sonic Drive-In to name a few. O'Reilly Auto Parts is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories, serving both the do it yourself and professional installer markets. O'Reilly Auto Parts is operating under a Double Net Lease with over eleven years remaining on the lease term. The lease is backed with a corporate guarantee from O'Reilly Automotive, Incorporated, a Fortune 500 company that is publicly traded on the NASDAQ (ORLY) with an S&P investment grade rating of BBB+. The lease features three additional renewal options at five years each with six percent rental increases at the beginning of each renewal option term.
PROPERTY TAXES
| Parcel Number | 0705939 | Improvements Assessment | $260,490 |
| Land Assessment | $36,460 | Total Assessment | $296,950 |
PROPERTY TAXES
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