1811 2Nd Ave Oneonta, AL 35121
- Auto shops
- 1.00 lot acres
Current Use by Public Records
- Auto shops
Property Details for 1811 2Nd Ave
- Year built
- 2024
- Lot size
- 1.00 lot acres
- Property type
- Auto shops
Description
This exceptional investment opportunity presents a brand-new, 6,500 square foot Express Oil Change located at 1811 2nd Ave E, Oneonta, AL 35121. Situated on approximately one acre of land, this property boasts a 20-year absolute triple-net (NNN) lease with a prominent corporate guarantor, Mavis Tire Express Services TopCo Corp, a leading operator in the US tire service industry with over 2000 units. The lease, commencing at closing, features an annual net operating income (NOI) of $162,000, representing a 6.00% cap rate on the $2,700,000 asking price. Rent increases of 5.00% are scheduled every five years, providing inflation protection. The tenant's business model is inherently recession-resistant, as evidenced by a 44% average revenue increase during the COVID-19 pandemic. This property offers a secure, high-yield investment with significant long-term growth potential in a non-discretionary service sector. Built in 2024, the property enjoys 100% occupancy and benefits from the stability of a single tenant with a strong corporate guarantee. This is a rare opportunity to acquire a high-performing asset with a long-term lease and built-in rent escalations. The property is located in Blount County, Alabama, and offers a compelling investment proposition for discerning buyers.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oneonta
- County
- Blount
- State
- Alabama
- Longitude
- -86.4569511
- Latitude
- 33.9653352
