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Parkerson Mill 2328 S College St 19,350 SF 100% Leased Retail Building Auburn, AL 36832 $11,400,400 ($589.17/SF) 3.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Retail Center and Office Duplex Properties - 100% Leased
- Interstate Location with great access
- 22 +/- Acres Land fronting Interstate 85
EXECUTIVE SUMMARY
Income Producing Property - The Village at Parkerson Mill, built in 2000, the McDonalds Ground Lease, has been kept leased and well maintained by the current owners, and with additional acreage. The property is currently 100% leased. Interstate Location - Parkerson Mill is located at the busiest Interstate interchange in Auburn - the primary exit to Auburn University and Downtown Auburn. Expansion Opportunity - Additional acreage is available to expand, with excellent Interstate frontage and visability. The additional property is approximately 22 acres. Cap Rate includes vacant land. Cap on income property is 5.0%.
S College Street at the Exit 51 Interchange of Interstate 85, Auburn, Alabama. Property fronts S College, with over 2000' of frontage on Interstate 85.
S College Street at the Exit 51 Interchange of Interstate 85, Auburn, Alabama. Property fronts S College, with over 2000' of frontage on Interstate 85.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
19,350 SF
Building Class
C
Year Built
2000
Price
$11,400,400
Price Per SF
$589.17
Cap Rate
3.82%
NOI
$435,460
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
2.70 AC
Opportunity Zone
Yes
Zoning
CDD - Comprehensive Development District
Frontage
494’ on College St
AMENITIES
- Signage
- Wheelchair Accessible
ABOUT 2328 S COLLEGE ST , AUBURN, AL 36832
The Village at Parkerson Mill, built in 2000, has been kept leased and well maintained by the current owners. The property is currently 100% leased. Interstate Location - Parkerson Mill is located at the busiest Interstate interchange in Auburn - the primary exit to Auburn University and Downtown Auburn. Expansion Opportunity - Additional acreage is available to expand, with excellent Interstate frontage and visability. The additional property is approximately 22 acres. Cap Rate includes vacant land, income. Cap without land is 5.0%
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-01-12-0-000-181.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $628,640 |
PROPERTY TAXES
Parcel Number
19-01-12-0-000-181.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$628,640
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Parkerson Mill | 2328 S College St
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