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Express Oil Change

Hazel Green, Alabama

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Marcus & Millichap is pleased to present the exclusive listing for an Express Oil Change located at 14519 US 231 431 North, Hazel Green, Alabama.
This Express Oil Change is subject to a 20-year Absolute Triple-Net (NNN) sale-leaseback, which will commence upon the close of escrow. The annual rent is$125,500 and is scheduled to increase by five percent (5%) every five (5) years. There are six (6), five (5)-year tenant renewal options.

About the Investment
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:
$2,390,476
Cap Rate:
5.25%
Annual Rent:
$125,500
Address:
14519 US 231 431 N, Hazel Green, Alabama 35750
Property Type:
Net-Leased Automotive Service
Lease Type:
Absolute 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 Five (5) Years
Tenant:
Express Oil Change

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Alexandre Marietto

License: 10401294047

Robert Stein

License: 10401341647

Nicole Lin

Broker of record

Eddie Greenhalgh

License: 000088298-0


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