459 Opelika Rd - Auto Repair FOR SALE
Auburn, AL 36830 |
$2,357,143 USD
332-345-4222
459 Opelika Rd
Auburn, AL 36830
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.
- Attractive Rental Increases The lease will feature 2.00% rental increases annually.
- Corporate Guarantee The lease will be subject to a strong corporate guarantee from Main Street Auto.
OVERVIEW
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.
FOR SALE DETAILS
PRICE
$2,357,143 USD
PRICE/SF
$375 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Main Street Auto
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1957
SPRINKLERS
-
PARKING SPACES
5
LAND DETAILS
LAND ACRES
0.71 AC
LAND SF
30,928 SF
ZONING
-
APN/PARCEL ID
09-09-29-2-001-139.000
ASK ABOUT THIS PROPERTY
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332-345-4222
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332-345-4222
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