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33918442
33918440

2936 MONTGOMERY HWY, DOTHAN, AL 36303-2162

BW
GA 305065
SWE Realty
LW
GA GA 360459
SWE Realty
Listed by SWE Realty
$1,150,000
7 days on market
Updated 7 days ago

Take 5 Oil | NNN Ground Lease | Bite Size Deal

Details
APN 09-02-10-1-004-009-002
Property Type Retail, Land
Sub Type Storefront, Shopping Center (+1)
Net Rentable (SqFt) 1,400
Units 1
Cap Rate 6%
NOI $69,000
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change, Valvoline (+6)
Lease Type Absolute NNN
Lease Term 10.1
Lease Expiration 07/31/2036
Remaining Term 10.1
Rent Bumps Yes
Lease Options 4/5 Year Options
Pro-Forma Cap Rate 6%
Pro-Forma NOI $69,000
Class A
Year Built 2026
Stories 1
Acreage 0.440
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/15/2026
Occupancy Date 07/15/2026
Ground Lease Yes
Sale Condition 1031 exchange

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

Listing Contacts

BW
GA 305065
SWE Realty
LW
GA GA 360459
SWE Realty
Listed by SWE Realty

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$5,750.00/mo

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ROI

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Zoning

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B-2 CommercialSpecial CommercialHighway Commercial
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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