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    122 East Nashville Ave Atmore, AL 36502

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $1,825,000

    Established profitable tire & auto repair portfolio.

    Property size:
    65,000 SF

    Description

    Added:
    Feb 6, 2025
    Days on Market:
    334
    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.

    Property Features for 122 East Nashville Ave

    General Information

    Property type
    Other retail properties
    Square Feet
    65,000 SF
    Price / Square Foot
    $28
    Total Parking Spaces
    20
    Elevators
    N/A
    Net Rentable
    65,000 SF

    Building Details

    Year Built
    1969

    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.
    Location Intelligence

    Current Use by Public Records

    Sweat Tire of Atmore Tire Shop State Line Tire ... Tire Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atmore
    State
    Alabama
    Longitude
    -87.492828
    Latitude
    31.023669

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    FAQs

    What type of property is this?
    Other retail property - Established profitable tire & auto repair portfolio.
    Where is this other 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.
    (850) 564-0120
    Request Owner's contact information
    122 East Nashville Ave Atmore, AL 36502
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    Atmore, AL 36502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122 East Nashville Ave Atmore, AL 36502
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