7532 Tryon St Charlotte, NC 28217-3302

This exceptional investment opportunity presents a fee-simple interest in a Class A, 7,584-square-foot O'Reilly Auto Parts store situated on a sizable 1.58-acre lot in Charlotte, NC. Built in 2020, the property boasts upgraded brick and stucco construction, architectural lighting, and a concrete parking lot. The 15-year net lease (NN+), with corporate guarantee from O'Reilly Auto Parts, commenced September 1, 2020, and expires August 31, 2035, leaving a substantial 10.8 years remaining. The lease includes four, five-year options with a 6% rent increase in year 11 and within each option period. The property enjoys a prime location on South Tryon Street, a major retail thoroughfare with over 35,000 vehicles passing daily, and benefits from proximity to Interstate 485 and Interstate 77, placing it within easy reach of Uptown Charlotte. Strong surrounding tenancy includes Publix, Lowe's, Walmart, and other national retailers. The property's high visibility, substantial lot size (allowing for future development), and investment-grade tenant make this a compelling offering with a current NOI of $148,026 and a 5.25% cap rate. The landlord is responsible for roof, structure, and parking lot replacement. The building features a 25-year transferable roof warranty.