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| Checker Auto Parts |
NEC Hwy. 50 and Purcell Boulevard, Pueblo West, Colorado
Purchase Price: $1,540,000
• Fifteen (15) Year Primary Lease
• Triple Net Lease
• Rental increases of CPI not to exceed 10% every 5 years
• Two (2) x 5-year options
Land Area: ± 1.002 acres, Building Area: ± 6,500 SF
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Willis Ventures is excited to announce that our brokerage has closed escrow on a CSK Auto in Pueblo West, Colorado. The property sold for $1,540,000 with a 6.35% capitalization rate.
CSK Auto is the largest retailer of auto parts and accessories in the Western United States. CSK Auto operates over 1,260 stores in 22 states under three names: Checker Auto Parts in the Southwest, Rocky Mountain region, Northern Plaines states, and Hawaii; Schuck’s Auto Supply in the Pacifi c Northwest and Alaska; and Kragen Auto Parts in California. During the fiscal year 1999, CSK acquired Big Wheel / Rossi, Al’s, and Grand Auto Supply. CSK Auto acquired Murray’s Discount Auto Stores on December 19, 2005 and has since opened 20 new stores in its market.
The subject property is located on the NEC of Highway 50 and Parcell Blvd. in Pueblo West, Colorado in front of Safeway Center and across from Walgreens. Excellent visability from busy corridor. Taffic generators in the area include: Wal-Mart Supercenter, McDonald’s, Grease Monkey, Dollar Tree and a Wendy’s is under construction.
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