

Kangaroo Express | Bonus Depreciation
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
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