North American Title Loans | Sheffield, AL
Abs NNN | 6.50% CAP | Corp. Guaranty
Marketing description
NORTH AMERICAN TITLE LOANS
North American Title Loans is a financial services company specializing in short-term title loans. They offer title loans, where borrowers use their vehicle’s title to secure loans up to $10,000. North American’s mission is to provide assistance to customers using a process that is convenient and hassle-free with terms are straightforward and transparent.
LONG-TERM ABSOLUTE TRIPLE NET (NNN) LEASE
There are 18+ years remaining on an Absolute Triple Net (NNN) lease, resulting in zero landlord management responsibilities. Tenant is responsible for property taxes, insurance, and all repairs & maintenance at the property, including the roof and structure. There are 3% annual rental increases built into the lease, providing positive rent growth and a hedge against inflation.
HARD, SIGNALIZED CORNER LOCATION
The subject property benefits from its location at the signalized intersection of N Jackson Hwy and E 2nd Street, providing maximum visibility and ingress/egress. The combined traffic counts at this intersection are 25,580+ vehicles per day.
CORPORATE GUARANTEE FROM SELECT MANAGEMENT RESOURCES
The lease is corporately guaranteed by Select Management Resources, LLC, the parent company of North American Title Loans, which has 425+ locations in 20 states across the United States and is rapidly expanding nationwide.
PRIMARY RETAIL CORRIDOR
The property sits along the primary retail corridor of Sheffield, with other nearby nationally recognized tenants including Walmart Supercenter, Planet Fitness, Tractor Supply Co., ALDI, AutoZone, O’Reilly Auto Parts, McDonald’s, and more.
Investment highlights
- PRICING: $612,850
- CAP RATE: 6.50%
- NOI: $39,835
- LEASE TERM: 18+ YEARS
- GUARANTEE: CORPORATE
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?















