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Main Street Auto 459 Opelika Rd 6,278 SF Retail Building Auburn, AL 36830 $2,928,571 ($466.48/SF) 7% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Strong Population Growth
- Proximity to Auburn University
- Built-In Customer Base
Executive Summary
Surmount is pleased to present the exclusive listing for a Main Street Auto located at 459 Opelika Rd, Auburn, AL 36830. The site consists of roughly 6,278 rentable square feet of building space on an estimated 0.71-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 2/20/2025. The current annual rent is $205,000 and has scheduled increases of 2.00% annually starting 3/1/2031.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,278 SF
Building Class
C
Year Built/Renovated
1957/1976
Price
$2,928,571
Price Per SF
$466.48
Cap Rate
7%
NOI
$205,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.71 AC
Frontage
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-09-29-2-001-139.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $67,060 |
Property Taxes
Parcel Number
09-09-29-2-001-139.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$67,060
Contacts
-
Glen Kunofsky -
Edward Otocka -
Francis Purritano -
Walker Stevens -
Christopher Marks -
Surmount
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Main Street Auto | 459 Opelika Rd
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