Net Leased Title Loan Investment Portfolio

Retail-Commercial for Sale
Catylist Listing ID: 30289990
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 3,093 SF
Gross Building Area: See Agent
Sale Price: $3,352,729
Unit Price: $1,083 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 11/14/2018

Overview / Comments

This rare portfolio investment opportunity features 6 net-leased assets in the state of Alabama. The portfolio includes TitleMax, Check ‘N Go and Alabama Title Loans. The consumer lending industry is one of the fastest growing and recession-proof industries existing today. This portfolio is made up of strong locations with a combined net operating income of $284,983 and have minimal landlord responsibilities. The assets can be purchased as a portfolio or the seller will consider selling the assets separately.

The Portfolio includes the following title loan assets:

TitleMax, 4710 Moffet Rd, Mobile AL (Absolute NNN)
TitleMax, 2012 Bessemer Rd, Birmingham, AL (Absolute NNN)
Check 'N Go, 1109 Forestdale Blvd, Birmingham, AL (Absolute NNN)
Alabama Title Loans, 823 9th Avenue, Bessemer, AL (NN)
Alabama Title Loans, 1225 1st St N, Alabaster, AL (NN)
Alabama Title Loans, 1224 Decatur Hwy, Gardendale, AL (NN)

The seller will consider selling assets separately.

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 29 00 05 3 027 005.000
Retail Clientele: General, Business
Property Visibility: Excellent
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,192 84,329 181,740
Median Age: 35.21 38 36.97
Households: 7,345 33,895 74,020
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