Auto Parts
O'Reilly Auto Parts
507 W State St, Black Mountain, NC 28711
Listing Price: $925,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire NN leased O'Reilly's investment property located in Black Mountain, NC.
The O'Reilly Auto Parts at 507 W State Street, Black Mountain, NC represents everything a prudent net lease investor looks for: a creditworthy, recession-resistant tenant; a well-located, recently improved property; structured rent growth; and an accessible price point. The lease is backed by one of America's most consistent retail performers — a company that has never missed a record revenue year since going public. The market is affluent, growing, and inherently auto-dependent. The yield is strong.
This is not a deal you place and hope for the best. This is a deal you place and know it works.
O'Reilly Auto Parts
Investment Highlights
- Investment-grade corporate guarantee from a NASDAQ-listed company with $16.71B in 2024 revenue
- 6.60% cap rate with built-in 6% rent bumps —income that grows over time, not just holds steady
- Under $1 million entry point — ideal for 1031 exchange proceeds from residential sales
- New roof (2023) + freshly sealed parking lot = no near-term capital expenditure exposure
- Three 5-year renewal options means the tenant can remain through 2045 — exceptional long-term stability
- NN lease structure with landlord responsible only for roof, structure, and parking lot — all recently upgraded
- Located in a high-income, growing mountain market proximate to Asheville's booming metro economy
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
Listing Price: $925,000
Investment Highlights
- Investment-grade corporate guarantee from a NASDAQ-listed company with $16.71B in 2024 revenue
- 6.60% cap rate with built-in 6% rent bumps —income that grows over time, not just holds steady
- Under $1 million entry point — ideal for 1031 exchange proceeds from residential sales
- New roof (2023) + freshly sealed parking lot = no near-term capital expenditure exposure
- Three 5-year renewal options means the tenant can remain through 2045 — exceptional long-term stability
- NN lease structure with landlord responsible only for roof, structure, and parking lot — all recently upgraded
- Located in a high-income, growing mountain market proximate to Asheville's booming metro economy
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire NN leased O'Reilly's investment property located in Black Mountain, NC. The O'Reilly Auto Parts at 507 W State Street, Black Mountain, NC represents everything a prudent net lease investor looks for: a creditworthy, recession-resistant tenant; a well-located, recently improved property; structured rent growth; and an accessible price point. The lease is backed by one of America's most consistent retail performers — a company that has never missed a record revenue year since going public. The market is affluent, growing, and inherently auto-dependent. The yield is strong. This is not a deal you place and hope for the best. This is a deal you place and know it works.
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
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