Net Leased Auto Parts Retail

3112 Old Forest Road Lynchburg, VA 24501

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Single-tenant net lease with O’Reilly Auto Parts under a new 10-year term along Old Forest Road.

Type:Retail
Property size:
11,541 SF
Price / SF:
$167/SF
Added:
May 28, 2026
Days on Market:
45
Last Refresh:
Jun 6 at 4:44 am

Property Features for 3112 Old Forest Road

General Information

Standard status
Active
Size
11,541 SF
Property subtype
Retail

Listing office Kin Properties Inc

Listing date May 28, 2026

Source Crexi

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.

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 (±1% cap)
NOI $140,036 @ 7.0% cap · market cap 7.26%
Second Best
Industrial
$832.7K
$728.6K – $971.5K (±1% cap)
NOI $58,288 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$3.42M
$2.99M – $3.99M (±1% cap)
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

Suggested Use

Law Firm Big Box & Wholesale Store Building Supply Restaurant HVAC Service Kitchen & Bath Showroom Parking Lot & Garage Skin Care Clinic Electrical Service Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

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
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