Listed by Stream Capital Partners
$2,005,265
Express Oil Change
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 3,150
Cap Rate 5.85%
NOI $117,308
Tenancy Single
Brand/Tenant AutoZone, O'Reilly Auto Parts
Lease Type Absolute NNN
Lease Expiration 06/30/2040
Remaining Term 14
Rent Bumps Yes
Lease Options 4 x 5 Years
Year Built 1994
Acreage 0.480
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Birmingham, AL | Corporate Express Oil Change | Small Price Point
Investment highlights
- LONG-TERM COMMITMENT: 14 years remaining on an absolute NNN lease with 4, 5 year options to extend.
- STRONG CORPORATE GUARANTEE: The lease is backed by Express Oil Change/Mavis Tires, one of the leading automotive service operators in the United States.
- BONUS DEPRECIATION: The asset is eligible for 100% bonus depreciation, enabling accelerated depreciation and improved early-year cash flow.
- ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
- AFFLUENT SURROUNDING DEMOGRAPHICS: Located in one of Birmingham’s most affluent submarkets, the property is anchored by a prosperous customer base, with average household incomes exceeding $116,000 within a 5-mile radius.
- WELL POSITIONED: Strategically positioned along Pelham Parkway, a major highway carrying over 30,000 vehicles per day, the property enjoys exceptional visibility and exposure to a steady flow of traffic
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,308.00
$9,775.67/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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