2308 Pelham Pky - Auto Repair FOR SALE


Pelham, AL 35124 | 
$2,005,265 USD
503-853-6108
2308 Pelham Pky, Pelham, AL for Sale
$2,005,265 USD
Auto Repair - FOR SALE
1/6
null | 5.85% Cap Rate

2308 Pelham Pky
Pelham, AL 35124


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,005,265 USD

PRICE/SF

$1,139 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Express Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

-

APN/PARCEL ID

14-3-06-2-001-010-003

ASK ABOUT THIS PROPERTY

John WoodcockStream Capital PartnersMore Info
503-853-6108

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

John WoodcockStream Capital PartnersMore Info
503-853-6108

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.