Express Oil Change & Tire Engineers for Sale in Pelham, AL
Pelham, AL
Key Investment Metrics
Price
$2,005,265
Cap Rate
5.8%
Net Operating Income
$117,308
Building Size
3150 SF
Land Area
0.48 Acres
Remaining Term
14 years
Lease Expiration
06/30/2040
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1994
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
Express Oil Change & Tire Engineers in Pelham
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,150 SF
- Land area
- 0.48 acres
- Year built
- 1994
- Lease type
- Absolute NNN
- Lease expiration
- 06/30/2040
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.