O’Reilly Auto Parts

Property Highlights
• 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 $872,000, 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.

Location Highlights
• 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.

Tenant Highlights
• 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. O’Reilly is an exceptionally stable corporate tenant boasting over $16.08 Billion in annual revenue.
• Recession-Resistant Financial Strength: O’Reilly is an exceptionally stable corporate tenant boasting over $16.08 Billion in annual revenue.