507 W State Street

• Site Commitment: Tenant recently extended their lease through May 2030, proving a long-term dedication to this specific location, even at an increased rental figure.
• Attractive Price Point: Offered at an accessible $905,000, making it a highly competitive, net-lease acquisition for private investors.
• Immediate Cash Flow: Yields a stable annual net rent of $61,056 with approximately 4 years of firm lease term remaining.
• Minimal Near-Term Capital Expenditures: Features a new roof installed in 2023 and a recently resealed parking lot, significantly shielding a new landlord from near-term maintenance costs.
• Proximity to Major Regional Transit: Located just off Interstate 40, which commands a massive regional traffic volume of 51,164 VPD.
• High-Density Automotive & Retail Synergy: Surrounded by top-tier national brands, including CVS Pharmacy, Dollar General, and Tractor Supply Co.
• Desirable Asheville Submarket: Located in the growing Asheville, NC metropolitan area (Black Mountain), which boasts a steady 2.40% annual population growth rate in the immediate 1-mile radius.
• Affluent Demographics: The immediate 1-mile radius features an exceptional Average Household Income of $97,130 and a Median Household Income of $80,208.
• Investment-Grade Corporate Guaranty: Fully backed by O’Reilly Auto Parts (ORLY), carrying a highly secure Moody’s investment-grade rating of Baa1 and an S&P rating of BBB.
• National Retail Powerhouse: Founded in 1957, the company is an industry leader operating more than 6,100 stores across 48 states, Puerto Rico, Mexico, and Canada.
• Recession-Resistant Financial Strength: O’Reilly is an exceptionally stable corporate tenant boasting over $16.08 Billion in annual revenue.