Net Leased Auto Parts
3112 Old Forest Road Lynchburg, VA 24501
3112 Old Forest Road, Lynchburg, VA, 24501
Contact for pricing
For Sale
Contact for pricing
Single-tenant net lease with O’Reilly Auto Parts under a new 10-year term along Old Forest Road.
Property Size11,541 SF
Price / SF$167.06
Days on Market55
Property Features for 3112 Old Forest Road
General Information
- Standard status
- Active
- Size
- 11,541 SF
- Property subtype
- Retail
Listing agency
Kin Properties Inc
Listed by
Beth Calay · License #FL
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:52PM Checked: Jul 19 at 8:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kin Properties Inc
Investment Insights
Based on property information with market context.
The property is a single-tenant net leased retail asset occupied by O’Reilly Auto Parts. It is offered for sale with a new 10-year lease term in place, creating a straightforward tenant-backed structure for an investor seeking an operating asset rather than a redevelopment scenario.
The site is positioned along the Old Forest Road corridor, which is described as highly trafficked in the property remarks. This visibility and access profile supports retail use in an automotive-oriented environment.
For prospective buyers, the primary consideration is the existing occupancy by O’Reilly Auto Parts and the newly established 10-year term. The net lease structure aligns with investors who prefer income-focused ownership and a single-tenant operational model. The asset’s retail configuration and current automotive tenancy make it especially relevant for buyers evaluating current-tenant stability and long-duration lease coverage.
The site is positioned along the Old Forest Road corridor, which is described as highly trafficked in the property remarks. This visibility and access profile supports retail use in an automotive-oriented environment.
For prospective buyers, the primary consideration is the existing occupancy by O’Reilly Auto Parts and the newly established 10-year term. The net lease structure aligns with investors who prefer income-focused ownership and a single-tenant operational model. The asset’s retail configuration and current automotive tenancy make it especially relevant for buyers evaluating current-tenant stability and long-duration lease coverage.
Key Highlights
- Single‑tenant net leased property occupied by O’Reilly Auto Parts
- Tenant has a new 10‑year lease term
- Located along the Old Forest Road corridor
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.7k | $18.00 |
| − Vacancy | −$7.7k | −$0.67 |
| EGI | $200.1k | $17.33 |
| − OpEx | −$60.0k | −$5.20 |
| NOI | $140.0k | $12.13 |
11,541 SF · lease $18.00/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.33M
NOI $140,036 @ 7.0% cap · market cap 7.26%
Second Best
Industrial
$832.7K
$728.6K – $971.5K
NOI $58,288 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$3.42M
$2.99M – $3.99M
NOI $239,314 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
O'Reilly Auto Parts
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- Transmaster Tranmissions Llc — 3203 Old Forest Rd, Lynchburg, VA 24501
- Jiffy Lube — 3209 Old Forest Rd, Lynchburg, VA 24501
- Kia of Lynchburg Service — 3400 Old Forest Rd, Lynchburg, VA 24501
- Laslie's II — 3402 Old Forest Rd, Lynchburg, VA 24501
- SKRRT TIRES & AUTO SERVICES — 3203 Old Forest Rd, Lynchburg, VA 24501
FAQs
What type of property is this?
Auto shop - Single-tenant net lease with O’Reilly Auto Parts under a new 10-year term along Old Forest Road.
Where is this auto shop located?
The property is located at 3112 Old Forest Road Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,928,040.
What are key features of this property?
This property features: Single‑tenant net leased property occupied by O’Reilly Auto Parts; Tenant has a new 10‑year lease term; Located along the Old Forest Road corridor
