O'Reilly Auto Parts — Sale in Black Mountain, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Black Mountain, NC 28711

Investment Figures

Cap rate
6.60%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. 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

Market Context

This retail in Black Mountain, NC is listed for sale. It is offered at an approximate 6.6% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 101 days. Compare it against other retail listings for sale in Black Mountain, NC — view the full market.

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