122 East Nashville Ave Atmore, AL 36502

Property Details for 122 East Nashville Ave

Year built

1969

Property size

6,080 SF

Property type

Gas stations

APN

26-09-29-2-015-001.000

APU

2609292015001000

Description

This exceptional investment opportunity presents a profitable, net-leased portfolio of four tire and auto repair businesses totaling 65,000 square feet. Located in Alabama, this established portfolio boasts a strong 8.25% cap rate, offering immediate cash flow. The portfolio includes a mix of properties, with one location featuring a transmission shop and an income-producing ice machine. All four locations are currently under established, five-year NNN leases, with potential for extension up to a total of fifteen years, providing long-term stability and predictable income. The current owner, operating since 1963, has meticulously managed these properties, ensuring consistent profitability. The properties are well-maintained and situated in strategic locations within Atmore, Bay Minette, Monroeville, and Flomaton, Alabama. The portfolio's structure minimizes landlord responsibilities, allowing for passive income generation. Further upside potential exists through the possibility of leasing additional available space within the portfolio. Detailed financial information and lease agreements are available upon request. This is a rare opportunity to acquire a turnkey, high-yield commercial real estate portfolio with significant long-term growth potential. The seller is actively considering all offers. The properties are located at: 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. The zip code for Atmore is 36502.

Location Insight

City

Atmore

County

Escambia

State

Alabama

Longitude

-87.4928

Latitude

31.0237

CBSA code

12120

CBSA name

ATMORE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments