Montgomery, AL - Joe Hudson's Collision Center

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Joe Hudson’s Collision Center investment property located in Montgomery, Alabama. The tenant, Joe Hudson’s Collision Center, Inc will be signing a brand new 10 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Joe Hudson’s Collision Center is located near the signalized, hard corner intersection of N Eastern Blvd and Wares Ferry Rd with a combined (60,690 VPD). N Eastern Blvd, is the major retail thoroughfare serving the city of Montgomery. The Joe Hudson’s Collision Center is strategically located near a dense corridor that features new development national/credit tenants including Exxon, Circle K, Popeyes, and more. The asset is near to Eastdale Mall, a 964,717 square foot center with multiple national tenants such as JCPenney, Belk, Foot Locker, Bath & Body Works. In addition, Ruby Tuesday is also in proximity to multiple industrial tenants providing cross shopping and high synergy for the site. The 5-mile trade area is supported by a population of over 111,782 with an average household income of $85,153.