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