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7157 Aaron Aronov DrFairfield, AL 35064
Express Oil Change
Asset ClassRetail
Deal Size: $1.21 MCap Rate: 7.25%Lease-Term Remaining: 7.2 YearsAccess Data Room
7.2+ Years Remaining on Absolute NNN Lease | Corporate Guarantee | Birmingham, AL MSA | 7.25% Cap
overview of deal

Overview

Price: $1,213,000 | Cap Rate: 7.25% | NOI: $87,994

  • Guaranty: Corporate
  • Lease Type: Absolute NNN
  • Rent Increases: 10% Every 5 Years
  • Options: 4x5-Year
  • Term Remaining: 7.27 Years
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Investment Highlights

Corporate Guarantee from Express Oil Change, LLC (550+ Locations)

This investment is backed by a best-in-class corporate guarantee from Express Oil Change, LLC, which is a 550+ unit entity. The corporate guarantee provides an added layer of security, assuring investors that their rental income is secured, and the risk of tenant default is significantly minimized.

 

Healthy Rent-to-Sales & Upcoming Rent Increase in 2028

This location is currently operating at an 8.07% rent-to-sales figure based on T-12 financials, signalizing strong unit-level performance and a higher probability of future lease renewals. With an upcoming 10% rent increase in 1/1/2028, investor's returns will be boosted to a 7.98% Cap in just over two years.

 

Low-Price Point Passive Investment with Strong Lease Fundamentals

The subject property is the lowest price-point Express Oil Change currently on the market, offering an opportunity for investors to acquire a well-performing asset at an attractive basis. With 7.27 years remaining on an Absolute NNN lease, 10% increases every 5 years, and 4 x 5-year options, this is an unique opening for investors looking for long-term passive income.

 

Prime Location on Aaron Aronov Drive

The property is strategically located on Aaron Aronov Drive (15,600+ VPD) in Fairfield, AL, an area that benefits from continued economic development and potential for sustained property value appreciation. The location is highly accessible and is situated in a region with established infrastructure and retail growth. This high-traffic location ensures strong visibility and customer flow for this Express Oil Change, which ultimately enhances the property’s attractiveness to potential investors.

 

 

 

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7157 Aaron Aronov DrFairfield, AL 35064

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
Eddie GreenhalghBroker of Record

License #: 000088298-O

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Listing provided by Revere CRE