For Sale
$2,357,143

459 Opelika RdAuburn, AL 36830

High-Yield Auto Shop Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a 6,278 square foot auto shop in Auburn, Alabama. Located at 459 Opelika Rd, this property boasts a strong 20-year triple-net (NNN) lease with Main Street Auto, a rapidly expanding automotive repair chain with approximately 70 existing locations and plans for significant future growth. The lease commenced upon closing and features a substantial annual rent of $165,000, with built-in 2% annual rent increases, ensuring consistent income growth. The property sits on a 0.71-acre lot and benefits from a corporate guarantee, mitigating risk. Built in 1957 and renovated in 1976, this well-established business offers a compelling 7.00% cap rate, making it an attractive addition to any portfolio. The lease agreement places all responsibility for property taxes, insurance, and maintenance on the tenant, minimizing landlord obligations. This turnkey investment provides a secure, long-term income stream with significant upside potential, given the tenant's expansion plans. The property's location in Auburn, AL, within Lee County, offers excellent visibility and accessibility. This is a rare opportunity to acquire a high-performing, low-maintenance commercial property with a proven track record and significant future growth prospects. The asking price is $2,357,143.

Highlights

  • 20-Year Absolute Triple-Net (NNN) Lease with no landlord responsibilities.
  • 2% Annual Rent Increases built into the lease.
  • Corporate Guarantee from Main Street Auto, a rapidly expanding automotive repair chain.

Property Details for 459 Opelika Rd

Property type
Retail properties, Auto shops
Square Feet
6,278 SF
Year Built/Renovated
1957/1976
Lot Size (sq. ft)
30,928 SF

Location Insight

City
Auburn
County
Lee
State
Alabama
Latitude
32.6136331
Longitude
-85.4730987
459 Opelika Rd, Auburn, Alabama

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459 Opelika Rd
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