926 N Brindlee Mountain Pky - Freestanding FOR SALE


Arab, AL 35016
$2,666,667 USD
847-444-9254
926 N Brindlee Mountain Pky, Arab, AL for Sale
$2,666,667 USD
Freestanding - FOR SALE
1/6
null | 6% Cap Rate

926 N Brindlee Mountain Pky
Arab, AL 35016


HIGHLIGHTS

  • New 20-Year NNN Lease with Attractive Escalations and No Landlord Responsibilities
  • Brand New Construction Sold at Development cost
  • Situated between Huntsville & Birmingham
  • Positioned off of North Brindlee Mountain Parkway (16,500 VPD) and a half mile east of North Main Street (5,532 VPD)
  • Proximate to retailers like Walmart, Harbor Freight, CVS Pharmacy & McDonald's
  • Affluent Demographic Profile | Nearly 20,0000 people within a 5-mile radius

OVERVIEW

As the exclusive advisor to Ownership, CBRE, Inc. is proud to offer qualified investors the opportunity to acquire, via long-term sale-leaseback, the recently constructed 5,670-square-foot Mavis Tires & Brakes (dba Express Oil Change) located at 926 North Brindlee Mountain Parkway, Arab, AL (the “Property”). Structured as a NNN lease with no landlord responsibilities, the Property will include a new 20-year lease to Mavis Tire Supply LLC (the “Tenant”) with six, 5-year options to renew. The lease will feature a 5% escalation every five years and all renewal options will be subject to the same 5% escalation at each onset. The Property will be sold at its development cost of $2,666,667 and investors are asked to bid the rent / capitalization rate as part of their offer.

FOR SALE DETAILS

PRICE

$2,666,667 USD

PRICE/SF

$470 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires & Brakes Sale-Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

3.57 AC

LAND SF

155,509 SF

ZONING

-

APN/PARCEL ID

130623-1-000-050001

ASK ABOUT THIS PROPERTY

847-444-9254

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847-444-9254

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