Strong Real Estate Fundamentals
- Prattville is an affluent, dense & high-growth suburb of Montgomery
- Avg. Household Incomes: ±$95.3k (1-Mi); ±$105.5k (3-Mi); ±$99.2k (5-Mi
- Population: ±6.3k (1-Mi); ±30.3k (3-Mi); ±55.3k (5-Mi
- Growth from 2010-2025: ±$23.1% (1-Mi); ±14.6% (3-Mi); ±16.3% (5-Mi)
- Frontage and strong visibility along Cobbs Ford Road which has ±34,800 VPD
- Large parcel size of ±1.15 acres
- The Prattville/Millbrook retail submarket contains 5+ MM SF with a low vacancy rate of 5.2%
- Robust retail corridor anchored by several big boxes – Bass Pro Shops, Target, Home Depot, Walmart, Lowe’s, Publix, etc.
- National inline tenants include Pizza Hut, Krispy Krunchy Chicken, & a liquor store
- Gas Express will sign a master lease to ensure this is passive NNN investment
100% Bonus Depreciation & Accelerated Depreciation
- One Big Beautiful Bill (OBBBA) permanently restored 100% bonus depreciation for “retail motor fuel outlet”
- Immediate tax write-off to improve cash flow and reduce taxable income
- Subject property qualifies for 100% Bonus Depreciation & Accelerated Depreciation
- Please consult your CPA for more details.
Optimal Lease Structure
- Rare 20-year base term
- Four, 5-year renewal options
- Inflation hedge with 1.5% rent escalations every year through the entire lease
- Absolute triple net (NNN) with NO landlord responsibilities
- Tax advantages with accelerated & 100% bonus depreciation due to fee simple ownership
Montgomery, AL MSA Advantage
- Home to Alabama’s state capital
- Gross Domestic Product of $18.8 M (2022)
- Montgomery made Forbes list as the 8th best metropolitan city to buy a home in 2022
- Major industries include education and defense
- Home to Maxwell Air Force Base and other top employers include Baptist Health, Hyundai Motor Manufacturing Alabama, LLC and ALFA Insurance Companies
Large Franchisee & Dominant Brand
- Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN)
- 30+ year operating history
- HQ in Atlanta, GA