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507 W State St
Black Mountain, NC 28711

$905,000 USD

Freestanding For Sale  •  6,300 SF

Property Details

• Property Type Freestanding
• Total Building Size 6,300 SF
• Lot Size 1.08 AC
• Building Class C
• Year Built 1977
• Cap Rate 6.75 %
• Tenancy Single
• Zoning C-2

30 Transit Score

40 Walk Score

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.

Cap Rate:

6.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
O'Reilly Auto Parts

Amenities

• 24 Hour Access
• Pylon Sign
• Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Asheville Regional	35 min	-	22.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes