Automotive Service
For Sale
$2,542,373
1803 27th St, Northport, AL 35476
Sale-leaseback opportunity associated with Express Oil Change & Tire Engineers and Mavis guaranty.
Property Size6,941 SF
Price / SF$366.28
Days on Market47
Property Features for 1803 27th St
General Information
Standard status
Active
Size
6,941 SF
Property subtype
Auto Parts
Lease Type
Absolute Net
Additional Details
Cap Rate
5.9%
Amenities
Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
Five Percent Rental Increases Every Five Years with Multiple Renewal Options
Express Oil Change & Tire Engineers Operates Over 422 Locations Across 19 States
Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 3,500 Service Centers Across the U.S.
Excellent Frontage Along Lurleen B. Wallace Blvd/US Highway 43, Providing a Direct Route Two Miles South to Downtown Tuscaloosa
New High-Quality 2026 Construction - Subject Property Features Two Buildings Totaling 6,941 Square Feet
Adjacent to Northport Medical Center, a 204-Bed Regional Hospital
Densely-Populated Trade Area in the Tuscaloosa MSA - 105,135 Residents within Five Miles
Building Details
Building Size
6,941 SF
Listing Agency:
Marcus & Millichap | Birmingham
Listed By:
Eddie Greenhalgh · License #License(s) AL: 0000882980
(205) 510-9200
Source:
Marcusmillichap
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 28 at 5:54AM
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 Marcus & Millichap | Birmingham
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive service property is offered through a sale-leaseback structure associated with Express Oil Change & Tire Engineers, an automotive maintenance brand offering oil changes, mechanical service, tires, brakes, and general vehicle maintenance. The property size is reported as 6,941.
Located at 1803 27th St in Northport, Alabama, the property is in a city across the Black Warrior River from downtown Tuscaloosa and within the Tuscaloosa metropolitan area. Northport has more than 31,000 residents. Express Oil Change & Tire Engineers operates more than 422 locations across 19 states, providing a broad operating footprint for the affiliated brand.
Located at 1803 27th St in Northport, Alabama, the property is in a city across the Black Warrior River from downtown Tuscaloosa and within the Tuscaloosa metropolitan area. Northport has more than 31,000 residents. Express Oil Change & Tire Engineers operates more than 422 locations across 19 states, providing a broad operating footprint for the affiliated brand.
Key Highlights
- Sale‑leaseback structure associated with Express Oil Change & Tire Engineers
- Mavis guaranty identified in the listing
- Automotive services include oil changes, mechanical work, tires, and brakes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,947
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,940
$1.6M
Cap Rate 7%
$1,113,529
$1.1M
Cap Rate 9%
$866,078
$866.1K
Market Conditions
NOI Build-Up for 6,941 SF
Gross rent
$120.8K $17.40/SF
− Vacancy
−$9.4K −$1.36/SF
EGI
$111.4K $16.04/SF
− OpEx
−$33.4K −$4.81/SF
NOI
$77.9K $11.23/SF
Area
Tuscaloosa County, AL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,940
Cap Rate 7%
$1,113,529
Cap Rate 9%
$866,078
Alternative Uses
Best Use
Retail
$1.11M
$974.3K – $1.30M
NOI $77,947 @ 7.0% cap · market cap 3.07%
Second Best
Industrial
$477.3K
$417.6K – $556.8K
NOI $33,408 @ 7.0% cap · market cap 1.31%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,759 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
190k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Shops & Services 25%
Dining 25%
Home Improvements & Furnishings 8%
Walmart Neighborhood Market
Groceries
56,054 visits/mo
0.4 miles
Piggly Wiggly
Groceries
15,833 visits/mo
0.3 miles
Circle K
Shops & Services
15,342 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
14,937 visits/mo
0.4 miles
Dollar General
Shops & Services
11,623 visits/mo
0.4 miles
Demographics for 35476, AL
8,697
Population
3,597
Households
2.4
Avg Household Size
36
Median Age
23%
College-Educated
86%
High-School Grad
6.9 sq mi
ZIP Area
1,260
Density / Sq Mi
$59,545
Median Household Income
$37,304
Median Earnings
$940
Median Rent
$196,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Auto Tech — 1113 30th Ave, Northport, AL 35476
- Gearheadz Auto Machine Shop — 1109 30th ave, northport, al 35476
- Northport Machine Shop — 1109 30th Ave, Northport, AL 35476
- Tires Engineers — northport, al 35476
- Mavis Tires & Brakes — 1011 Lurleen B Wallace Blvd, Northport, AL 35476
Frequently Asked Questions
What type of property is this?
Auto shop - Sale-leaseback opportunity associated with Express Oil Change & Tire Engineers and Mavis guaranty.
Where is this auto shop located?
The property is located at 1803 27th St Northport, AL.
What is the asking price?
The asking price for this property is $2,542,373.
What are key features of this property?
This property features: Sale‑leaseback structure associated with Express Oil Change & Tire Engineers; Mavis guaranty identified in the listing; Automotive services include oil changes, mechanical work, tires, and brakes
