5541 Wares Ferry Rd - Auto Repair FOR SALE


Montgomery, AL 36117- Outer East
$1,607,000 USD
949-506-2007
5541 Wares Ferry Rd, Montgomery, AL for Sale
$1,607,000 USD
Auto Repair - FOR SALE
1/11
null | 6.5% Cap Rate

5541 Wares Ferry Rd
Montgomery, AL 36117
Outer East


HIGHLIGHTS

  • Corporate Guaranteed Lease | Brand New 10-Year | Rare Absolute NNN
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Very First Joe Hudson’s Collision Center | Near Eastdale Mall
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Joe Hudson’s Collision Center investment property located in Montgomery, Alabama. The tenant, Joe Hudson’s Collision Center, Inc will be signing a brand new 10 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$1,607,000 USD

PRICE/SF

$269 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Joe Hudson's Collision Center | 10yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

M-1

APN/PARCEL ID

10-01-01-4-001-017.000

ASK ABOUT THIS PROPERTY

Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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