1811 2Nd AveOneonta, AL 35121

Property Details for 1811 2Nd Ave

Year built

2024

Lot size

1.00 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 6,500 square foot Express Oil Change located at 1811 2nd Ave E, Oneonta, AL 35121. Situated on approximately one acre of land, this property boasts a 20-year absolute triple-net (NNN) lease with a prominent corporate guarantor, Mavis Tire Express Services TopCo Corp, a leading operator in the US tire service industry with over 2000 units. The lease, commencing at closing, features an annual net operating income (NOI) of $162,000, representing a 6.00% cap rate on the $2,700,000 asking price. Rent increases of 5.00% are scheduled every five years, providing inflation protection. The tenant's business model is inherently recession-resistant, as evidenced by a 44% average revenue increase during the COVID-19 pandemic. This property offers a secure, high-yield investment with significant long-term growth potential in a non-discretionary service sector. Built in 2024, the property enjoys 100% occupancy and benefits from the stability of a single tenant with a strong corporate guarantee. This is a rare opportunity to acquire a high-performing asset with a long-term lease and built-in rent escalations. The property is located in Blount County, Alabama, and offers a compelling investment proposition for discerning buyers.

Location Insight

City

Oneonta

County

Blount

State

Alabama

Latitude

33.9653

Longitude

-86.4569

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