Skip to main content

Miscellaneous

ITK Auto LLC

3511 McGehee Rd, Montgomery, AL 36111

Listing Price: $225,000

Cap Rate
8.00%
Tenant Name
ITK Auto LLC
Years Remaining On Lease
2.2
Guarantor
Personal Guarantee
Rentable SF
1,398
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.88

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an ITK Auto Sales located at 3511 McGehee Road, Montgomery, AL. The site consists of roughly 1,398 rentable square feet of building space on estimated 1.48-acre parcel of land. This ITK Auto Sales is subject to a 3-year absolute triple-net (NNN) lease, which commenced March 26th, 2020. The current annual rent is $18,000 and is scheduled to increase by $1,800 annually throughout the base term and in each of the three (3), one(1)-year renewal options.

Investment Highlights

  • 3-Year Absolute Triple Net (NNN) Lease
  • Approximately 2 Years Remaining
  • Rental Increase of $1,800 per Year Throughout the Base Term and Option Periods

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Miscellaneous

ITK Auto LLC

Listing Price: $225,000

Cap Rate
8.00%
Tenant Name
ITK Auto LLC
Years Remaining On Lease
2.2
Guarantor
Personal Guarantee
Rentable SF
1,398
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.88

Investment Highlights

  • 3-Year Absolute Triple Net (NNN) Lease
  • Approximately 2 Years Remaining
  • Rental Increase of $1,800 per Year Throughout the Base Term and Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an ITK Auto Sales located at 3511 McGehee Road, Montgomery, AL. The site consists of roughly 1,398 rentable square feet of building space on estimated 1.48-acre parcel of land. This ITK Auto Sales is subject to a 3-year absolute triple-net (NNN) lease, which commenced March 26th, 2020. The current annual rent is $18,000 and is scheduled to increase by $1,800 annually throughout the base term and in each of the three (3), one(1)-year renewal options.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

MM Texture Background
MM Textured Background Lower