459 Opelika RdAuburn, AL 36830

Property Details for 459 Opelika Rd

Year built

1957

Construction

CONCRETE BLOCKS

Lot size

0.92 AC

Property size (Sq ft)

1,560 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

09-09-29-2-001-139-000

APU

909292001139000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $291,681

  6.5%

  $269,244

  7%

  $250,013

• Comparable approach

  Method

  Valuation

  Relative Method

  $766,820

  Geo Method

  $766,820

• Alternative Use

  Use

  Valuation

  Residential

  $227,118

  Hospitality

  $208,038

  Educational

  $173,086

  Medical

  $179,038

  Retail

  $269,244

Location Insight

City

Auburn

County

Lee

State

Alabama

Latitude

32.6138

Longitude

-85.4731

CBSA code

12220

CBSA name

AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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