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2010 Cobbs Ford Rd, Prattville, AL, 36066

GX Market Sale Leaseback
$5,088,000

Key Information

Cap Rate
6.25%
Tot. SF
5,000
Year Built
2025
Type
Retail
NOI
$318,000

Highlights

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

Photos

Location

Agents

Financing Agents

Broker of Record

Hutt Cooke

License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203