ExtraMile - Net Lease Property for Sale
Montgomery, AL
Key Investment Metrics
Price
$6,026,000
Cap Rate
6.4%
Net Operating Income
$385,700
Building Size
3600 SF
Lot Size
3,600 SF
Land Area
1.25 Acres
Remaining Term
19.1 years
Lease Expiration
01/30/2045
Lease Term
20.1 years
Lease Commencement
12/31/2024
Lease Type
Absolute NNN
Year Built
2024
Occupancy
100%
Tenancy
Single
Rent Increases
1.5% Annually
About This ExtraMile Net Lease Property
This ExtraMile NNN (triple net lease) property is located in Montgomery, AL and represents an excellent investment opportunity for commercial real estate investors. The property features 3600 square feet of building space and was built in 2024.
With a cap rate of 6.4%, this ExtraMile net lease property offers stable income potential. The asking price is $6,026,000, making it an attractive option for 1031 exchange investors seeking quality ExtraMile commercial properties.
Why Invest in ExtraMile NNN Properties?
- Stable Income: ExtraMile net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: ExtraMile is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Montgomery, AL Market Overview
Located in Montgomery, AL, this ExtraMile property benefits from strong local demographics and market fundamentals. The Montgomery area offers excellent visibility and accessibility, making it an ideal location for ExtraMile operations and a solid investment for net lease property buyers.