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Classic Auction - Retail

Kwik Stop - NNN Service Station: +/- 18 Year Term

17594 US Highway 231, Rockford, AL 35136

Under Contract
This asset was part of the February 24th 2021 sale event and is currently under contract.

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  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 1.00 Acres
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Jan 01, 2021
  • Anchor
  • No
  • Property Size
  • 2,510 Sq Ft

Kwik Stop - NNN Service Station: +/- 18 Year Term

Investment Highlights

  • ±18 Years Remaining on a Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate lease backed by a company with assets of approximately $250,000,000
  • Well-Positioned on primary thoroughfare outside Montgomery, Alabama
  • Positive Cash Flow Provides Limited Downside | New ownership will immediately collect rent from tenant and be cash flow positive
  • Additional federal tax benefits allow investors accelerated depreciation to immediately write off up to 80-90% of gas station and c-store asset value
 

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present Rockford Service Station located at 17594 US Highway 231 approximately 25 miles north of Montgomery, Alabama. The offering presents an investor the opportunity to own an income producing property with over 18 years remaining on an NNN lease.

The Property consists of a ±2,510 SF C-store and canopy that extends over the property's three fuel pumps across approximately one acre of land. The Property historically contained five (5) USTs consisting of four 4,000-gallon tanks and a (1) 550-gallon tank used for kerosene storage.  The Property is fully leased on an NNN-lease through November 27, 2039 with annual contractual increases and four 5-year options to extend.

Rockford is in Coosa County, Alabama approximately 25 miles from Montgomery and 85 miles from Birmingham. The town is the county seat of Coosa County and is part of the Talladega-Sylacauga market. The Property benefits from a 5-mile trade area with a population of ±602 with an average household income of ±$57,155.

Chevron – NNN Service Station:  ±19 Year Term also available from this seller

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Under Contract
This asset was part of the February 24th 2021 sale event and is currently under contract.

Ready to sell your asset on the platform with the highest trade rate in the industry?
Get Started Today!

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • John Mickey Fowler

    c/o Fisher Auction Company Inc.

    License: ALSL466