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Virtual Drive-By

O'Reilly Auto Parts NN

4646 W Stone Drive · Kingsport, TN 37660 · Auto Parts / Service

Asking price
$831,000
Cap rate
7.80%
NOI
$64,800

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNN
Term remaining4.4 yrs
Expiration12/2030
Rent bumps15% In Next Option
OptionsTwo, 5-Year
Ground leaseNo
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF7,000
Price / SF$123
Year built2000
Lot size0.81 ac
TypeAuto Shop
Days on market53

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Income Tax Free State
  • ​Recent Lease Extension - Advance Auto Parts have consistently extended their lease demonstrating their commitment to this site.
  • ​4.5+ Years Remaining - On the primary term including four, 5-year options.
  • ​Corporate Guarantee - Lease is corporate guaranteed by Advance Stores Company, Inc. (S&P Rated BB).
  • ​Rent-to-Sales Ratio - 5.21% Rent-to-Sales ratio at this location providing further confidence in Advance Auto Parts' commitment to the site.
  • ​NN Lease - Minimal Landlord responsibilities.
  • ​Excellent visibility along Lee Hwy - 34,000+ VPD along Lee Hwy.
  • ​Low Rent Per Square Foot - Advance Auto Parts is paying $9.26 Per SF at this location.
  • ​Below Replacement Cost - Could not purchase land and build this building for less money.
  • ​Affluent Surrounding Incomes - Average Household Income is $95,903 within 1 mile of the property.

Property overview

Based in Raleigh, NC, Advance Auto Parts, Inc.​ is the largest provider of automotive aftermarket parts in North America, catering to both professional installers and do-it-yourself customers.​ The company operates 4,770 stores, along with Worldpac branches, and supports many independently owned CARQUEST branded stores across the United States, Puerto Rico, the U.​S.​ Virgin Islands, and Canada.​

With a workforce of around 68,000 team members, Advance Auto Parts is committed to fostering an environment built on honesty, integrity, mutual trust, and dedication—values that have remained unchanged since the company was founded.​ Their stores primarily offer a wide range of auto parts, including alternators, batteries, belts and hoses, chassis parts, clutches, engines, and engine components.​

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

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Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.