Pinnacle Announces Sale of O’Reilly Auto Parts in Cortez, CO
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of O’Reilly Auto Parts at 1853 E. Main Street in Cortez, Colorado. This O’Reilly Auto Parts Store is a Single Tenant Net Leased property built in 2014 sold for $2,015,000 ($294.93/SF). The property was listed for sale in early November, under contract and Closed by the end of 2020. Cody Stambaugh and Elizabeth Morgan with Pinnacle Real Estate Advisors assisted the Buyer and Seller in the transaction.
“We were pleased to assist the Buyer and Seller in the sale of the O’Reilly Auto Parts in Cortez, CO. O’Reilly has continued to do well through the pandemic and the company gross sales have significantly increased year over year making O’Reilly Auto Parts a safe investment. We listed the property in November and the property was under contract in a few weeks with a goal of Closing by the end of 2020. Our close relationships with many single tenant net leased buyers and sellers made a quick close possible and we were pleased to work closely with all parties in the transaction” stated Cody Stambaugh, Advisor with Pinnacle Real Estate.