Net Lease Automotive Service
For Sale
Contact for pricing
Pending
102 Alabama St, Columbus, MS 39702
Fee simple sale of three Express Oil Change properties with a 20-year triple net lease structure and scheduled rent escalations.
Property SizeContact for details
Days on Market120
Property Features for 102 Alabama St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
CBRE
Listed By:
David Hesano · License #MI 6501300653
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 7 at 10:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
Fee simple interest is being offered for sale in an Express Oil Change portfolio consisting of three properties in Columbus and Starkville, MS. The properties are subject to a 20-year triple net (NNN) lease with ten percent rental escalations every five years throughout the initial term and through four renewal options of five years each.
Under the lease terms, the tenant pays for insurance and common area maintenance (CAM) directly and also reimburses real estate taxes. It is noted that the tenant is currently paying real estate taxes directly, and therefore there are currently no landlord responsibilities related to taxes.
The offering is proposed as a cash transaction and is presented free and clear of existing debt.
Under the lease terms, the tenant pays for insurance and common area maintenance (CAM) directly and also reimburses real estate taxes. It is noted that the tenant is currently paying real estate taxes directly, and therefore there are currently no landlord responsibilities related to taxes.
The offering is proposed as a cash transaction and is presented free and clear of existing debt.
Key Highlights
- Fee simple sale of a three‑property Express Oil Change portfolio in Columbus and Starkville, MS
- 20‑year triple net (NNN) lease structure
- 10% rental escalations every 5 years throughout the initial term
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
119k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 37%
Apparel 10%
Home Improvements & Furnishings 2%
Wendy's
Dining
18,189 visits/mo
0.1 miles
SONIC Drive In
Dining
15,446 visits/mo
0.5 miles
Dollar Tree
Shops & Services
10,565 visits/mo
0.5 miles
Burger King
Dining
8,552 visits/mo
0.3 miles
Hardee's
Dining
8,108 visits/mo
0.3 miles
Demographics for 39702, MS
22,661
Population
9,704
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
89%
High-School Grad
99.9 sq mi
ZIP Area
227
Density / Sq Mi
$54,938
Median Household Income
$36,950
Median Earnings
$868
Median Rent
$142,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fee simple sale of three Express Oil Change properties with a 20-year triple net lease structure and scheduled rent escalations.
Where is this nnn property located?
The property is located at 102 Alabama St Columbus, MS.
What are key features of this property?
This property features: Fee simple sale of a three‑property Express Oil Change portfolio in Columbus and Starkville, MS; 20‑year triple net (NNN) lease structure; 10% rental escalations every 5 years throughout the initial term
