Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$2,203,390
Express Oil Change & Tire Engineers Sale-Leaseback
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 5,521
Cap Rate 5.9%
NOI $130,000
Occupancy 100%
Tenancy Single
Brand/Tenant Express Oil, Mavis Discount Tires
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 6, 5 Year Options
Year Built 2025
Buildings 2
Acreage 0.760
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition Sale for leaseback
20-Yr Abs NNN | Corporate Mavis Guaranty – 3,500+ Locations | Huntsville, AL MSA
Marketing description
Express Oil Change & Tire Engineers is an American automotive maintenance brand with services including its signature 10 minute oil change, in addition to full-service mechanical, tires, brakes, and more general service offerings. The brand operates over 422 locations across 19 states.
Guntersville is a city and the county seat of Marshall County, Alabama. At the 2024 census, the population of the city was 9,242. The Huntsville–Decatur–Albertville combined statistical area is the most populated sub-region of North Alabama, and is the second largest combined statistical area in the State of Alabama after Birmingham.
Investment highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Express Oil Change & Tire Engineers Operates Over 422 Locations Across 19 States
- Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 3,500 Service Centers Across the U.S.
- Average Household Income Exceeds $86,000 Within Three Miles of the Subject Property
- Easily Accessible by Approximately 30,270 Cars per Day Along Florida Short Route (US-431) Providing Direct Route to Downtown Guntersville and Albertville, Alabama
- Situated at a Busy Retail Throughway with National Tenants Including Walmart Supercenter, Lowe's Home Improvement, Belk, ALDI, and More
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
5.9%
Cap Rate
5.9%
ROI
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