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Main Street Auto 459 Opelika Rd 6,278 SF Retail Building Auburn, AL 36830 $2,357,143 ($375.46/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease At closing the tenant will execute a brand new 20-year absolute triple-net lease.
- Corporate Guarantee The lease will be subject to a strong corporate guarantee from Main Street Auto.
- Attractive Rental Increases The lease will feature 2.00% rental increases annually.
EXECUTIVE SUMMARY
NNN Pro 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 will
commence upon close of escrow. The annual rent will be
$165,000 and has scheduled increases of 2.00% Annually.
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 will
commence upon close of escrow. The annual rent will be
$165,000 and has scheduled increases of 2.00% Annually.
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
$2,357,143
Price Per SF
$375.46
Cap Rate
7%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.71 AC
Parking
5 Spaces (0.8 Spaces per 1,000 SF Leased)
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
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Main Street Auto | 459 Opelika Rd
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