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507 W State St
Black Mountain, NC 28711
Asking Price
$925K
Cap Rate
6.6%
Asset Type
Auto Shop Retail
Class
Class B
What's Special
Retail | 6.60% CAP | 6,300 SqFt <ul><li>Investment-grade corporate guarantee from a NASDAQ-listed company with $16.71B in 2024 revenue</li><li>6.60% cap rate with built-in 6% rent bumps — income that grows over time, not just holds steady</li><li>Under $1 million entry point — ideal for 1031 exchange proceeds from residential sales</li><li>New roof (2023) + freshly sealed parking lot = no near-term capital expenditure exposure</li><li>Three 5-year renewal options means the tenant can remain through 2045 — exceptional long
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NOI
$80,000
Cap Rate
8.65%
DSCR
1.46
Strong
Cash-on-Cash
9.04%
Monthly Payment
$4,576.395
Annual Cash Flow
$25,083.256