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Auto Parts

Express Oil

14519 US-231, Hazel Green, AL 35750

Listing Price: $2,390,476

Cap Rate
5.25%
Tenant Name
Express Oil Change & Tire Engineers
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.38

Investment Overview

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.

Investment Highlights

  • 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

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Auto Parts

Express Oil

Listing Price: $2,390,476

Cap Rate
5.25%
Tenant Name
Express Oil Change & Tire Engineers
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.38

Investment Highlights

  • 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

Investment Overview

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.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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