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76 Gas Station

3335 AL-40, Dutton, AL 35744

$483,282

Cap Rate 7.75%

Views: 49 DOM: 45 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 17.8
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...

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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...


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Listing Broker

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