www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32758608
32758610

2906 Atlanta Highway, Montgomery, AL 36109

JK
FL 3224428, GA 348701 (+2)
Matthews
Listed by Matthews
$3,065,450
13 days on market
Updated 13 days ago

Kangaroo Express | Bonus Depreciation

Details
Property Type Retail
Sub Type Gas Station, Convenience Store
Square Footage 3,600
Pumps 8
Cap Rate 6.00%
NOI $183,927
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/18/2041
Remaining Term 15
Rent Bumps Yes
Lease Options Four, 5-Year Options
Year Built 2021
Buildings 1
Acreage 0.720
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 05/18/2021
Ground Lease No
Ownership Fee Simple

Signalized Intersection | 200+ Unit Operator

Marketing description

Matthews™ is pleased to exclusively present the opportunity to acquire a brand-new 2021 construction Kangaroo Express convenience store and fuel retail property located at 2906 Atlanta Highway in Montgomery, Alabama. This absolute triple net (NNN) leased investment offers a 20-year original lease term with approximately 15 years remaining, four 5-year renewal options, and 10% rent escalations every 5 years throughout the entire lease including all options.

The property is positioned along Atlanta Highway, a high-traffic 4-lane thoroughfare with approximately 34,622 vehicles per day, providing exceptional visibility and direct access via a traffic signal with multiple points of ingress and egress. The site benefits from strong demographics with permanent population counts of approximately 9,605 within a 1-mile radius, 100,000 within 3 miles, and 179,000 within 5 miles, along with robust daytime populations driven by nearby Maxwell Air Force Base, educational institutions, and major employers.

The tenant, Gas Express, LLC d/b/a Kangaroo Express, is an expanding franchisee operating over 200 locations across six states with more than 30 years of operating history. The property features 8 fueling lanes and a ±3,600 SF convenience store on ±0.72 acres with flat topography and limited surrounding competition. Additionally, the property qualifies for 100% bonus depreciation under the One Big Beautiful Bill (OBBBA) as a retail motor fuel outlet, offering significant tax advantages to investors.

Investment highlights

Fundamental Location, Visibility & Access

  • Newer 2021 construction
  • Direct access to a traffic signal with multiple points of ingress/egress
  • Flat topography with strong visibility in both directions along Atlanta Highway (±34,622 VPD), a 4-lane east/west thoroughfare that connects east Montgomery to downtown
  • Strong daytime population counts of ±10k (1-mi), ±100k (3-mi) & ±179k (5-mi)
  • Permanent population counts of ±9,605 (1-mi), ±100k (3-mi) & ±179k (5-mi)
  • Limited surrounding competition - only 2 other gas/c-stores within a 1-mile radius
  • Subject property is 0.6 miles from Percy Julian High School with ±1,500 students & staff

Optimal Lease Structure

  • Original 20-year base term with +15 years remaining
  • Four (4), 5-year renewal options
  • 10% rent escalations every 5 years throughout the entire lease
  • Absolute triple net (NNN) lease with NO landlord responsibilities

Large Franchisee & Dominant Brand

  • Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN)
  • 30+ year operating history
  • HQ in Atlanta, GA

100% Bonus Depreciation & Accelerated Depreciation

  • One Big Beautiful Bill (OBBBA) permanently restored 100% bonus depreciation for "retail motor fuel outlet"
  • Immediate tax write-off to improve cash flow and reduce taxable income

Listing Contacts

JK
FL 3224428, GA 348701 (+2)
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$183,927.00
$15,327.25/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Hutt Cooke
License
000168807 - 0
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591