For Sale
$575,000

0 7Th StOpelika, AL 36801

High-yield, 100% occupied office building.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2,776 square foot Class B office building located at 601 S 7th St, Opelika, AL. Built in 1945 and renovated in 2019, this single-story building sits on a 0.61-acre lot and offers ample parking (20 spaces per 1,000 sq ft). Currently 100% occupied by a single tenant under a Net Net + (NN+) lease with a corporate guarantee, the lease commenced October 1, 2023, and extends through October 31, 2028, with a five-year extension option. The asking price is $575,000, representing a compelling price per square foot of $207.13 and an attractive 8.77% cap rate. The lease includes a 2% annual rent bump, ensuring consistent income growth. The property is zoned C2 and benefits from its prime location in downtown Opelika, offering easy access to local amenities. This sale-leaseback opportunity provides a secure and profitable investment with a strong, creditworthy tenant and a long-term lease in place. The property's historical charm combined with modern updates makes it an attractive asset for discerning investors seeking a stable, high-return investment in a thriving Alabama market. The property features inviting interiors with spacious rooms and abundant natural light.

Property Details for 0 7Th St

Property type
Office properties
Square Feet
2,776 SF
Class
B
Year Built/Renovated
1945/2019
Stories
1
Lot Size (sq. ft)
26,572 SF
Units
1

Location Insight

City
Opelika
County
Lee
State
Alabama
Latitude
32.644507585347
Longitude
-85.373214562291
7Th St, Opelika, Alabama

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0 7Th St
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