For Sale
$1,825,000

122 East Nashville Ave Atmore, AL 36502

Established profitable tire & auto repair portfolio.

Source: https://www.saltercompany.com

Overview

Added:
Feb 6
Days on market:
81
This exceptional investment opportunity presents a 65,000 square foot, established, and profitable portfolio of four separate NNN-leased locations across Alabama. The portfolio includes a tire store and auto repair business operating successfully since 1963, along with a transmission shop and an income-producing ice machine at one location. All properties are subject to five-year leases, with the potential for renewal, totaling fifteen years. The current owner operates the business, and the NNN structure means the owner's responsibilities are minimal, focusing primarily on rent collection. The portfolio boasts an attractive 8.2%+ capitalization rate. Specific details regarding each location, including addresses (231 South Hwy 31, Bay Minette, AL; 1385 S Alabama Ave, Monroeville, AL; 122 East Nashville Ave, Atmore, AL; and 22620 US Hwy 31, Flomaton, AL) and parcel numbers, are available upon request. This turnkey investment offers a significant opportunity for passive income generation with a proven track record of success. The portfolio's long-term leases and strong cash flow make it an ideal addition to any investment strategy. Detailed financial information and location specifics are available for qualified buyers.

Highlights

  • Established, profitable NNN portfolio with four separate locations.
  • Includes tire store, auto repair, transmission shop, and income-producing ice machine.
  • All properties have 5-year leases, totaling 15 years, with an 8.2%+ cap rate.

Property Details for 122 East Nashville Ave

Property type
Retail properties, Investment properties
Square Feet
65,000 SF
Price / Square Foot
$28.08
Year Built
1969
Total Parking Spaces
20
Elevators
N/A
Net Rentable (sq. ft)
65,000 SF

Location Insight

City
Atmore
County
Escambia
State
Alabama

FAQs

What type of property is this?
Retail property - Established profitable tire & auto repair portfolio.
Where is the retail property located?
The property is located at 122 East Nashville Ave Atmore, AL.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Established, profitable NNN portfolio with four separate locations.; Includes tire store, auto repair, transmission shop, and income-producing ice machine.; All properties have 5-year leases, totaling 15 years, with an 8.2%+ cap rate.
How can I contact the broker?
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122 East Nashville Ave
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