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Express Oil Change 600 Allison Bonnett Memorial Dr 3,272 SF Retail Building Dolomite, AL 35061 $2,236,220 ($683.44/SF) 6.35% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Strong Rent Growth
- Prime Frontage & Accessibility
- Corporate Guarantee
- Densely Populated Trade Area
- Synergistic Automotive Corridor
Executive Summary
Northmarq is pleased to present a rare opportunity to acquire a long-term leased retail property located at 600 Allison Bonnett Memorial Drive, Dolomite, AL (the “Property”).The Property consists of approximately 3,272 square feet of retail space on a 0.51-acre parcel, leased to Express Oil Change, LLC under an absolute NNN lease guaranteed by Mavis Tire Express Services Topco Corp. The 20-year lease commenced June 27, 2024, with six (6) additional 5-year renewal options. Featuring 8.00% rental increases every five (5) years, the lease provides consistent income growth and ensures a fully passive ownership structure with zero landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,272 SF
Building Class
B
Year Built
1989
Price
$2,236,220
Price Per SF
$683.44
Cap Rate
6.35%
NOI
$142,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.52 AC
Zoning
B1 - Commercial
Parking
14 Spaces (4.28 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-00-21-1-032-006.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $79,980 |
Property Taxes
Parcel Number
30-00-21-1-032-006.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$79,980
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Express Oil Change | 600 Allison Bonnett Memorial Dr
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