Take 5 Oil | NNN Ground Lease | Bite Size Deal
Absolute NNN Ground Lease | 10% Rental Increases | Small Price Point
Marketing description
• Premier Signalized Retail Location – Strategically positioned at the signalized intersection of Montgomery Highway and the primary entrance to one of Dothan’s dominant retail concentrations. Montgomery Highway serves as a major north-south commercial artery connecting the property with Ross Clark Circle, downtown Dothan and surrounding Wiregrass communities.
• Exceptional Visibility and Access – The property benefits from prominent frontage, direct access and exposure to approximately 39,100 vehicles per day, providing strong daily visibility and convenient ingress and egress for customers.
• Dense and Established Customer Base – More than 65,000 residents live within a 5-mile radius, supported by approximately 28,000 households and a substantial daytime population generated by the surrounding retail, healthcare and employment base.
• Strong Immediate-Area Demographics – Average household income exceeds $96,000 within 1 mile and $90,000 within 3 miles, demonstrating attractive purchasing power in the property’s immediate trade area.
• Dominant Regional Retail Corridor – The property is surrounded by a critical mass of national retailers, restaurants and service-oriented businesses, including Publix, The Home Depot, Sam’s Club, Hobby Lobby, Chick-fil-A, Starbucks, AutoZone, Firestone and numerous other major brands.
• Positioned Within a Regional Shopping Destination – Dothan serves as the principal retail and commercial hub for Southeast Alabama, drawing customers from communities throughout the Wiregrass region, Southwest Georgia and the Florida Panhandle.
• Healthcare-Driven Regional Economy – Dothan is anchored by Southeast Health, a 420-bed medical center, and Flowers Hospital, a 235-bed facility and major Tri-State referral center. These institutions support a significant base of healthcare professionals, patients and regional visitors.
• Essential, Service-Based Retail Concept – Take 5’s quick-lube model provides a convenient, non-discretionary automotive service that benefits from recurring consumer demand, limited e-commerce competition and the property’s high-traffic retail setting.
• Experienced Multi-Unit Franchise Operator – The lease is guaranteed by Jordan Auto Services, an established franchise operator with more than 40 locations across multiple brands, together with a personal guaranty backing the lease.
• Attractive New-Construction Ground Lease – Newly constructed in 2026, the property offers a passive ownership structure with tenant responsibility for real estate taxes, insurance, maintenance, roof, structure and parking areas.
• Contractual Rental Growth – The lease provides 10% rental increases every five years throughout the initial term and each renewal option, creating predictable income growth and a hedge against inflation.
• Limited New-Development Opportunities – The site occupies a highly visible infill position within an established and heavily developed retail corridor, where limited available frontage and the concentration of existing national retailers create meaningful barriers to competing development.
• Regional Accessibility – Dothan is located near the Alabama-Georgia-Florida border and serves as a commercial gateway for the broader Wiregrass region, reinforcing the property’s ability to capture both local and regional traffic.
Investment highlights
• New 10-Year Absolute NNN Ground Lease
• Zero Landlord Management Responsibilities
• 10% Rental Increases Every Five Years
• Experienced Multi-Unit Franchise Operator with 40+ Locations
• Personal Guaranty Backing the Lease
• High-Visibility Signalized Location Along Montgomery Highway
• Strong Traffic Counts of Approximately 39,100 Vehicles Per Day
• Dothan Serves as the Regional Retail and Healthcare Hub for the Wiregrass Region
• Strategic Access to Southeast Alabama, Southwest Georgia and the Florida Panhandle
• Essential, Service-Based Automotive Use with Recurring Consumer Demand
• Newly Constructed 2026 Building
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