507 W State St - Freestanding FOR SALE
Black Mountain, NC 28711 |
$905,000 USD
954-288-3678
507 W State St
Black Mountain, NC 28711
HIGHLIGHTS
- Tenant extended lease through May 2030, proving long-term dedication to this location.
- Offered at $905,000 — a highly competitive net-lease acquisition for private investors.
- Stable annual net rent of $61,056 with approximately 4 years of firm lease term remaining.
- New roof installed in 2023 and recently resealed parking lot shield landlord from near-term costs.
- Located just off Interstate 40 with a regional traffic volume of 51,164 VPD.
- O'Reilly Auto Parts carries a Moody's investment-grade rating of Baa1 and S&P rating of BBB.
FOR SALE DETAILS
PRICE
$905,000 USD
PRICE/SF
$144 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
O'Reilly Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1.08 AC
LAND SF
47,045 SF
ZONING
C-2
APN/PARCEL ID
0619-04-9437-00000
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954-288-3678
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954-288-3678
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