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O'Reilly Auto Parts 507 W State St 6,300 SF Retail Building Black Mountain, NC 28711 $905,000 ($143.65/SF) 6.75% Cap Rate
Investment Highlights
- Tenant extended lease through May 2030, proving long-term dedication to this location.
- Stable annual net rent of $61,056 with approximately 4 years of firm lease term remaining.
- Located just off Interstate 40 with a regional traffic volume of 51,164 VPD.
- Offered at $905,000 — a highly competitive net-lease acquisition for private investors.
- New roof installed in 2023 and recently resealed parking lot shield landlord from near-term costs.
- O'Reilly Auto Parts carries a Moody's investment-grade rating of Baa1 and S&P rating of BBB.
Executive Summary
License # 362768, C42113 (NC)
Matthews of North Carolina, LLC
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203
(866) 889-0550
Property Facts
Amenities
- 24 Hour Access
- Pylon Sign
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
- -
- -
- -
O'Reilly Auto Parts began in 1957 when the O'Reilly family formed O'Reilly Automotive in Springfield, Missouri, and the business has since expanded from a single-store operation into a broad automotive aftermarket retailer. The company supplies automotive parts, tools, equipment, and accessories for both professional service providers and do-it-yourself customers. O'Reilly Auto Parts serves a wide retail network across the United States and other North American markets, supporting customers through stores, distribution, and service-oriented sales programs. The company remains focused on automotive replacement parts and related products while maintaining a long-running presence in the automotive retail sector.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0619-04-9437-00000 | Improvements Assessment | $92,300 |
| Land Assessment | $235,200 | Total Assessment | $327,500 |
Property Taxes
Contacts
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Dylan Schroeder -
Connor Knauer -
Michael Wolsiefer -
Matthews Real Estate Investment Services
