August 24, 2023 – Kyle Danielson and Hill Kanellos of Horvath & Tremblay have successfully completed the sale of an Express Oil Change in Hazel Green, Alabama. Horvath & Tremblay exclusively represented the buyer to complete this transaction at a sale price of $2,109,244.
Express Oil Change is located at 14519 US-231 431 N in Hazel Green, Alabama. Constructed in 2022, Express Oil Change signed a new 20-year Absolute NNN Lease upon the close of escrow. The lease has six (6), 5-year renewal options and features an attractive 5% rent increase every five years throughout the primary term and at the start of each of the renewal options. Express Oil Change is ideally situated along US Route 231/431, the area’s primary commercial and commuter corridor. The Property enjoys outstanding visibility and signage and is surrounded by national retailers driving traffic to the area. The Property offers convenient access to all of the area’s businesses, schools and municipal offices. Hazel Green is located in northern Alabama and is 20-miles from Huntsville, the third largest city in the state.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.