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NEC of the intersection of W Ft Williams St and Industry Ave with great visibility from both roadways as well as full access on both. Great Investment Property
The subject property is a single-tenant Havoline Xpress Lube & Service Center. Built in 1996 and renovated in 2011, the 5,240-square foot building sits on approximately 0.85 acres of land. This location features an underground workstation making the property extremely expensive to replace. The location has a long history of strong sales and will operate with an industry low rent-to-sales ratio of 7.75 percent.Chevron' s Havoline Xpress Lube is a fully-branded, nationally recognized and supported oil change program with over 300 locations across the United States. In their 25th year of operations, Xpress Partners has set an industry standard. Unlike most HXL locations, Xpress Partners offer a 10 minute oil-change and a full service center, creating a much larger profit margin.
Parent Company: CVS Health Corporation (NYSE: CVS;S&P: BBB+) is the second largest pharmacy health care provider in the United States with integrated offerings across the entire spectrum of pharmacy care. The company operates more than 7,800 retail locations, has more than 200,000 employees and as of December 2015, produced TTM revenues of $149 billion. Long-term Lease with Option Period Rent Increases: ±14 years of primary term remaining with six 5-year renewal options with 5% rent increases in each option Limited Landlord responsibilities. Access/Visibility: The property is ideally located with excellent frontage and visibility on the hard corner at the signalized intersection of Broadway Avenue (Traffic Count: 9,910 VPD) and Fort Williams Street, just 1.6 miles west of US 280 (Traffic Count: 20,470 VPD) which provides direct access to Birmingham.