Express Oil Change

Dolomite, Alabama

NNN Pro Group is pleased to present the exclusive listing for an Express Oil Change located at 600 Allison-Bonnett Memorial Drive in Dolomite, AL. The site consists of roughly 3,272 rentable square feet of building space on estimated 0.52-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 $106,775 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:: $1,642,699
Cap Rate:: 6.50%
Annual Rent:: $106,775
Address:: 600 Allison-Bonnett Memorial Dr, Dolomite, Alabama 35061
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:: .52 Acres
Building Size:: 3,272 SF
Year Built:: 1989
Year Renovated:: 2015
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-Alabama, Inc

License: 119315

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