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Auto Service - Gas-Conv

Kangaroo Express Sale-Leaseback

McLemore Dr, Montgomery, AL 36117

Listing Price: $4,571,500

Cap Rate
5.25%
Tenant Name
Kangaroo Express
Guarantor
Franchisee Guarantee
Rentable SF
4,500
Lease Type
Absolute Net
Rent Per Square Feet
$53.33

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Flat topography with phenomenal visibility Multiple points of ingress and egress Attractive 2021 construction Gas & c-store desert with no immediate competition Ample parcel size of ±1.27 acres Large canopy with 12 fueling stations Endcaps of c-store subleased to Chester’s Fried Chicken & McLemore Spirit Tenant to provide a master lease Lowers tenant’s occupancy costs & drives more traffic to site OPTIMAL LEASE STRUCTURE Attractive 20-year sale-leaseback Four (4), 5-year renewal options 1.5% rent escalations every year throughout entire lease Triple net (NNN) lease with NO landlord responsibilities Tax advantages with accelerated & bonus depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND Largest Alimentation Couche-Tard franchisee Expanding ±135 unit operator across 6 states (AL, AR, GA, LA, SC, TN) 26+ year operating history Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate) MONTGOMERY, AL ADVANTAGE Home to Alabama’s state capital Gross Metro Product of $18.6 B (2019) Low cost of living at 8% below national average (per Forbes) Major industries include education and defense Home to Maxwell Air Force Base Educational and technological center of the US Air Force Average fiscal economic impact of ±$2.6 B annually Mission critical military installation as home to Air University 17,000+ military, civil service, and contracted personnel & 34,000 students Other Top Employers Baptist Health: ±4,300 employees Hyundai Motor Manufacturing Alabama, LLC: ±3,500 employees Assembly plant for Sonata and Elantra sedans and Santa Fe SUV HMMA and its suppliers have an annual economic impact of $4.82 B to the State of AL’s economy ALFA Insurance Companies: ±2,500 employees

Investment Highlights

  • - Attractive 2021 construction
  • - Gas & c-store desert with no immediate competition
  • - Triple net (NNN) lease with NO landlord responsibilities

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Auto Service - Gas-Conv

Kangaroo Express Sale-Leaseback

Listing Price: $4,571,500

Cap Rate
5.25%
Tenant Name
Kangaroo Express
Guarantor
Franchisee Guarantee
Rentable SF
4,500
Lease Type
Absolute Net
Rent Per Square Feet
$53.33

Investment Highlights

  • - Attractive 2021 construction
  • - Gas & c-store desert with no immediate competition
  • - Triple net (NNN) lease with NO landlord responsibilities

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Flat topography with phenomenal visibility Multiple points of ingress and egress Attractive 2021 construction Gas & c-store desert with no immediate competition Ample parcel size of ±1.27 acres Large canopy with 12 fueling stations Endcaps of c-store subleased to Chester’s Fried Chicken & McLemore Spirit Tenant to provide a master lease Lowers tenant’s occupancy costs & drives more traffic to site OPTIMAL LEASE STRUCTURE Attractive 20-year sale-leaseback Four (4), 5-year renewal options 1.5% rent escalations every year throughout entire lease Triple net (NNN) lease with NO landlord responsibilities Tax advantages with accelerated & bonus depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND Largest Alimentation Couche-Tard franchisee Expanding ±135 unit operator across 6 states (AL, AR, GA, LA, SC, TN) 26+ year operating history Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate) MONTGOMERY, AL ADVANTAGE Home to Alabama’s state capital Gross Metro Product of $18.6 B (2019) Low cost of living at 8% below national average (per Forbes) Major industries include education and defense Home to Maxwell Air Force Base Educational and technological center of the US Air Force Average fiscal economic impact of ±$2.6 B annually Mission critical military installation as home to Air University 17,000+ military, civil service, and contracted personnel & 34,000 students Other Top Employers Baptist Health: ±4,300 employees Hyundai Motor Manufacturing Alabama, LLC: ±3,500 employees Assembly plant for Sonata and Elantra sedans and Santa Fe SUV HMMA and its suppliers have an annual economic impact of $4.82 B to the State of AL’s economy ALFA Insurance Companies: ±2,500 employees

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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