600 Allison Bonnett Memorial Dr - Auto Repair FOR SALE


Dolomite, AL 35061
$2,366,667 USD
201-919-6148
600 Allison Bonnett Memorial Dr, Dolomite, AL for Sale
$2,366,667 USD
Auto Repair - FOR SALE
1/4
null | 6% Cap Rate

600 Allison Bonnett Memorial Dr
Dolomite, AL 35061


HIGHLIGHTS

  • Absolute NNN Lease
  • Corporate Guarantee
  • Strong Rent Growth
  • Densely Populated Trade Area
  • Prime Frontage & Accessibility
  • Synergistic Automotive Corridor

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,366,667 USD

PRICE/SF

$723 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,498 SF

ZONING

B1

APN/PARCEL ID

30-00-21-1-032-006.000

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

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