Express Oil Change

Petal, Mississippi

NNN Pro Group is pleased to present the exclusive listing for an Express Oil Change located at 19 Tyner Road in Petal, Mississippi. The site consists of roughly 4,800 rentable square feet of building space on estimated 1.14-acre parcel of land. This Express Oil Change is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $144,386 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options..

– Long Term 20-Year Sale-Leaseback
– Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
– Six (6) Tenant Renewal Periods of Five (5) Years Each

Key Details

Price:: $2,221,324
Cap Rate:: 6.50%
Annual Rent:: $144,386
Address:: 19 Tyner Rd, Petal, Mississippi 39465
Property Type:: Auto Service
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Close of Escrow
Lease Expiration:: 20 Years from Close of Escrow
Lease Term Remaining:: 20 Years
Rental Increases:: 5% Every 5 Years
Lot Size:: 1.14 Acres
Building Size:: 4,800 SF
Year Built:: 2022
Tenant:: Express Oil Change

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com

License: 10401294046

Robert Stein

rstein@nnnpro.com

License: 10401341647

Andrew Darby

adarby@nnnpro.com

Broker of record

Brian Brockman

Bang Realty of Mississippi, Inc

License: 21542

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