JTU Net Lease Group
Listed by JTU Net Lease Group
$925,000
O'Reilly Auto Parts | Single Tenant Net Lease
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 6,300
Cap Rate 6.60%
NOI $61,056
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Expiration 05/31/2030
Rent Bumps Yes
Acreage 1.080
Investment Type Net Lease
Tenant Credit Credit Rated
Retail | 6.60% CAP | 6,300 SqFt
Marketing description
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.
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
Listing Contacts
JTU Net Lease Group
Listed by JTU Net Lease Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,056.00
$5,088.00/mo
Valuation Metrics
0
DSCR
6.6%
Cap Rate
6.6%
ROI
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