Investors Only! 9% Cap Rate Property in Opelika, AL!
Listing was updated at: 09/03/2019
Property Overview
Price/Rent PSF $ 700,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 09/04/2019
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Investors only! Busy Interstate Exit Location! This property is only one and half hours away from Atlanta! Property Appraised for $1.14M in 2014! Cap Rate: 9% Lot Size: 0.93 acres Year Built: 1992 Expenses: Property Insurance: Paid by Tenant Property Tax: Paid by Tenant Additional Property maintenance: Paid by Tenant Gas station rental income is $63,000/yearly. Tenant pays for all expenses including property taxes and property insurance. Long term lease for 15 years! Part of Alabama’s second fastest growing county! 10 miles to Auburn University, draws significant traffic! Easy in and out for motor vehicles. Prime location and high real estate value! Just the land is worth the asking price! Immediately at the intersection of busy I-85 and 280 freeways. Nonstop traffic - day and night. Surrounded by 7 motels and 8 factories. Asking Price for Property: $700,000! 9% Cap Rate Property!