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Established Profitable NNN Portfolio Tire/Auto Repair
Retail | 8.25% CAP | 65,000 SF
Listing Contacts
License: AL AL #108950
Active
Asking Price: $2,825,000
Address
122 E Nashville Ave, Atmore, AL 36502
Show on MapDate Added
Feb 11, 2025
Days on Market
124 days
Time Since Last Update
48 days
Details
Property TypeRetail, Mixed Use, Land, Business for Sale
SubtypeBusiness and Building
Investment TypeNet Lease
ClassB
Lease TypeNNN
Lease Term5 years
Square Footage65,000
Cap Rate8.25%
Buildings6
Lease Options15 years
Sale ConditionFor sale by owner
INTELLIGENCEMarketing Description
Rare Opportunity! NNN Profitable Portfolio which includes 6 Separate locations. Sweat Tire Service and Repair has been a home-based owner-operated business since 1963. Part of this portfolio is a transmission shop and income producing ice machine, Flomaton location. All properties are NNN leases. He pays nothing, just collects rent. All locations are 5-year leases, all negotiable 15 years total. Just take the reins and collect your 8.2+ Cap rate. Lots of information about each location.
Upside… more space available for lease (will need to get update) ice machine income as well.
231 South hwy 31 Bay Minette Al
1385 S Alabama Ave Monroeville Al
122 East Nashville Ave Atmore Al 22620 US
22620 US Hwy 31 Flomaton Al
22594 Highway 59 South, Robertsdale Al 36567.
155 West Michigan Ave Foley Al 36535
Contact Agent today 251-978-9500
Owner says bring all offers.
Investment Highlights
Leases in place. Leases produced per request from Broker. 6 locations, with established tenant lease on all 6 properties. Great investment with leases in place and real estate included. Owner entertaining all offers.
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Property History
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Due Diligence
Listing Contacts
- License: AL AL #108950
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Additional Information
Additional Information
Broker Name
Renee Beasley
Broker License
AL AL #108950
Brokerage Name
Herrington Realty Inc
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