1701 Capps LndgOpelika, AL 36804

Property Details for 1701 Capps Lndg

Year built

2021

Lot size

1.58 AC

Property size (Sq ft)

3,480 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 3,480 square foot Freddy's Frozen Custard & Steakburgers located at 1701 Capps Landing, Opelika, AL 36804. The property sits on a 1.58-acre lot and boasts a 20-year absolute triple-net (NNN) lease with a prominent national tenant. Built and renovated in 2021, this property enjoys 100% occupancy and generates a strong net operating income (NOI) of $160,000, representing a 5.75% cap rate. The lease includes a 10% rent increase every five years, providing significant long-term growth potential. Strategically positioned in Opelika's primary commercial corridor, near Tiger Town Power Center and Opelika Marketplace, this location benefits from high daily traffic volume on nearby Hwy 280 and I-85. The property's proximity to Auburn University, Opelika's Central Business District, and East Alabama Medical Center further enhances its appeal. The surrounding area boasts a strong demographic profile, with a population of 111,193 residents and an average household income of $72,157 within a 10-mile radius. This Freddy's location is part of a rapidly growing MSA, offering a secure and lucrative investment opportunity with substantial upside. The property's parcel number is APN: 09-07-25-0-000-013.000. The asking price is $2,783,000.

Location Insight

City

Opelika

County

Lee

State

Alabama

Latitude

32.6137

Longitude

-85.3999

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].