loader
Join Free
Zeekin

76 Gas Station

3335 AL-40, Dutton, AL 35744

$483,282

Cap Rate 7.75%

Views: 5 DOM: 9 Updated: 11.06.24 Posted: 11.06.24 Status: Active

Summary

Price $483,282
Built/Renov 2000
Tenant 76 Gas Station
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,164
Lease Start 08-24-2002
#Units 1,989
Price/SF $223.33
Expiration 08-31-2042
Tenant Type Convenience/Gas
NOI $37,454
R. Term 17.9
Ownership Fee Simple
Rent/SF $17.31
Increases 2.0%/1/yrs
Pop 5Mi 7,656
Lot/AC 0.37
Options 4/5yrs/2%
AHHI 5Mi $81,909

Jake Mahon
Sands Investment Group
Contact

Clifton McCrory
Sands Investment Group
Contact

John Brown
Sands Investment Group
Contact

Zach Passman
Sands Investment Group
Contact

Lease Highlights

  • 17+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features rent increases of 2% annually
  • Absolute NNN lease | Zero landlord responsibilities
  • Recent renovations include new gas pumps, canopy, and signage to reflect the modern 76
  • Gas stations offer increased depreciation benefits | Consult your CPA
  • Corporate guarantee | Investment grade tenant

Location Description

This newly renovated 76 Gas Station is strategically situated along Alabama Route 40 (5,795 VPD) within close proximity to Interstate 18 (I-18), offering convenient access with easy ingress and egress. Its prime location places it between two significant urban areas, Huntsville, AL, and Chattanooga, TN. The surrounding 5-mile radius is comprised of approximately 7,656 people, with an average...

...

Key Features

  • Recent renovation

  • Strategically located

  • Highway location

  • Long 20+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

76 Gas Station Wikipedia 76 Gas Station Wikipedia Dutton, Alabama Zip Code 35744 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Founded in 1932, 76 is a chain of gas stations located within the United States. The company operates under the tag line “We’re on the Driver’s Side”, and takes pride in being the cleanest chain...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

© COPYRIGHT 2024 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY USER PLANS
my activity