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31534778
31534779

2570 Taylor Rd, Montgomery, AL 36117

JH
CA CA 01392646, TN 377081
Marcus & Millichap - Nashville
JO
TN TN 375707
Marcus & Millichap - Nashville
JL
TN 380014
Marcus & Millichap - Nashville
Listed by Marcus & Millichap - Nashville
$2,882,646
67 days on market
Updated 67 days ago

Express Oil Change & Tire Engineers

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 3,418
Units 1
Cap Rate 6.35%
NOI $183,048
Occupancy 100%
Tenancy Single
Brand/Tenant Express Oil
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/12/2041
Remaining Term 15.5
Rent Bumps Yes
Lease Options 4, 5 Year
Price per SqFt $843
Broker Co-Op Yes
Year Built 1998
Year Renovated 2021
Buildings 1
Stories 1
Acreage 0.490
Investment Type Net Lease
Lease Commencement 12/12/2021
Occupancy Date 12/12/2021
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Absolute NNN | Corporate Guarantee | 15+ Years Remaining

Marketing description

This Express Oil Change & Tire Engineers property offers a true Absolute NNN lease with over 15 years remaining, backed by a strong corporate guaranty from a 420+ location Southeast leader founded in 1979. The lease features 10% rent increases every five years and four additional five-year renewal options, delivering a stable, passive, long-term income stream with zero landlord responsibilities.

Located on high-traffic Taylor Road (32,852 VPD) in Montgomery, the asset sits in a dominant retail corridor surrounded by over 400,000 SF of anchored centers, including Festival Plaza (AMC), The Shoppes at Cornerstone (Publix), and Sturbridge Village (Winn-Dixie), providing excellent visibility and drive-thru convenience in a proven retail hub.

Investment highlights

Absolute NNN Lease | 15+ Years Remaining

Express Oil Change & Tire Engineers | Proven National Brand

Dominant Retail Hub | 400,000+ SF of Anchored Centers

Listing Contacts

JH
CA CA 01392646, TN 377081
Marcus & Millichap - Nashville
JO
TN TN 375707
Marcus & Millichap - Nashville
JL
TN 380014
Marcus & Millichap - Nashville
Listed by Marcus & Millichap - Nashville

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$183,048.00
$15,254.00/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Edwin "Eddie" Greenhalgh
License
AL 0000882980
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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