3335 Al-40 Dutton, AL 35744
- Retail properties
- 2,164 SF
Current Use by Public Records
- Retail properties
Property Details for 3335 Al-40
- Property size
- 2,164 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 2,164 square foot 76-branded gas station and convenience store located at 3335 AL-40 in Dutton, Alabama, zip code 35744. The property boasts a strong 7.75% cap rate and a substantial 17.8 years remaining on a 20-year absolute triple net (NNN) lease, commencing August 24, 2022, and expiring August 31, 2042. The lease includes four 5-year renewal options and features annual rent bumps of 2%. The tenant is a corporate entity providing a robust corporate guarantee, ensuring consistent income. The property benefits from a recent renovation, including new gas pumps, canopy, and signage, reflecting the modern 76 brand. Its strategic corner location at the intersection of Alabama Route 40 and I-18 offers excellent visibility and convenient ingress/egress. The location is also advantageous, situated between Huntsville, Alabama, and Chattanooga, Tennessee, and conveniently near Guntersville Lake. The tenant's partnerships with major brands like Valero, Exxon, Mobil, Travel Centers of America, TA Express, VP Racing, and Marathon further enhance the investment's stability and potential. The asking price is $483,282, translating to a price per square foot of $223.33. The current Net Operating Income (NOI) stands at $37,454, offering a compelling return on investment. This property represents a secure and lucrative investment opportunity in a high-traffic area with significant long-term potential. The 100% occupancy further solidifies its value.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dutton
- County
- Jackson
- State
- Alabama
- Longitude
- -85.9373
- Latitude
- 34.6351
