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- LoopNet Team
124 N 25 Mile Ave
Hereford, TX 79045
O'Reilly Auto Parts · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- BBB rating from S&P
- Extremely low in place rent at $0.42/psf per month
- Property benefits from over 16,400 VPD
- O’Reilly Auto Parts is backed by a strong, corporate guarantee
- Strong agricultural economy in Hereford
- Located on the main corridor in Hereford
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 124 N 25 MILE AVE , HEREFORD, TX 79045
The subject property is currently leased to O’Reilly Auto Parts, with 9 years remaining on a 20 year original term. O’Reilly acquired TCM Parts Inc. and took over the site in 2009. The rent is scheduled to increase in 2024. The property is centrally located on one of the city’s main corridors and benefits from high traffic volumes. Hereford, Texas, is known for its agricultural economy and tax incentives for businesses. O’Reilly currently maintains an investment grade S&P Rating of BBB and Baa1 from Moodys.
PROPERTY TAXES
| Parcel Number | 1298 | Improvements Assessment | $283,330 |
| Land Assessment | $340,000 | Total Assessment | $623,330 |
PROPERTY TAXES
