O'Reilly Auto Parts
507 W State Street, Black Mountain, NC
$925,000 For Sale
507 W State Street,
Black Mountain, NC $925,000
Black Mountain, NC $925,000
- Status For Sale
- Term 5 Years
- Cap Rate 6.6%
- Options Three, 5-Year
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• Investment-grade corporate guarantee — backed by a NASDAQ-listed tenant with $16.71B in 2024 revenue
• Built-in growth: 6% rent escalations every 5 years, plus three 5-year renewal options extending tenant occupancy potential through 2045
• Sub-$1M entry point — a clean fit for 1031 exchange proceeds out of residential property
• Minimal cap-ex exposure: new roof (2023) and freshly sealed parking lot
• NN lease structure keeps landlord responsibilities light (roof, structure & parking only)
• Strong location fundamentals — high-income, growing mountain market just outside Asheville's expanding metro economy
• Built-in growth: 6% rent escalations every 5 years, plus three 5-year renewal options extending tenant occupancy potential through 2045
• Sub-$1M entry point — a clean fit for 1031 exchange proceeds out of residential property
• Minimal cap-ex exposure: new roof (2023) and freshly sealed parking lot
• NN lease structure keeps landlord responsibilities light (roof, structure & parking only)
• Strong location fundamentals — high-income, growing mountain market just outside Asheville's expanding metro economy