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2308 Pelham Pky
Pelham, AL 35124
Express Oil Change · Retail Property For Sale
Executive Summary
LONG-TERM COMMITMENT: 14 years remaining on an absolute NNN lease with 4, 5 year options to extend.
STRONG CORPORATE GUARANTEE: The lease is backed by Express Oil Change/Mavis Tires, one of the leading automotive service operators in the United States.
BONUS DEPRECIATION: The asset is eligible for 100% bonus depreciation, enabling accelerated depreciation and improved early-year cash flow.
ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
AFFLUENT SURROUNDING DEMOGRAPHICS: Located in one of Birmingham’s most affluent submarkets, the property is anchored by a prosperous customer base, with average household incomes exceeding $116,000 within a 5-mile radius.
WELL POSITIONED: Strategically positioned along Pelham Parkway, a major highway carrying over 30,000 vehicles per day, the property enjoys exceptional visibility and exposure to a steady flow of traffic.
STRONG CORPORATE GUARANTEE: The lease is backed by Express Oil Change/Mavis Tires, one of the leading automotive service operators in the United States.
BONUS DEPRECIATION: The asset is eligible for 100% bonus depreciation, enabling accelerated depreciation and improved early-year cash flow.
ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
AFFLUENT SURROUNDING DEMOGRAPHICS: Located in one of Birmingham’s most affluent submarkets, the property is anchored by a prosperous customer base, with average household incomes exceeding $116,000 within a 5-mile radius.
WELL POSITIONED: Strategically positioned along Pelham Parkway, a major highway carrying over 30,000 vehicles per day, the property enjoys exceptional visibility and exposure to a steady flow of traffic.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,760 SF
Building Class
C
Year Built
1994
Price
$2,828,827 CAD
Price Per SF
$1,607.29 CAD
Cap Rate
5.85%
NOI
$165,486 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.48 AC
Parking
8 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
100’ on Pelham Pky
Amenities
- Dedicated Turn Lane
- Pylon Sign
Property Taxes
| Parcel Number | 14-3-06-2-001-010-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $148,397 CAD |
Property Taxes
Parcel Number
14-3-06-2-001-010-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$148,397 CAD
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