1701 Capps Landing Opelika, AL 36804
New 20-year NNN lease with zero landlord responsibilities.
Type:Retail
Property size:
3,480 SFPrice / SF:
$785/SF- Added:
- Sep 26, 2024
- Days on Market:
- 573
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 1701 Capps Landing
General Information
- Standard status
- Active
- Size
- 3,480 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2021
Listing agent Brenton Baskin License #CA 01808681
Listing office Graystone Capital Advisors
Listing date Sep 26, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Graystone Capital Advisors
Overview
New Freddy's NNN Investment Opportunity
This property presents the opportunity to acquire a brand-new 20-year absolute triple-net (NNN) sale-leaseback investment. The property is leased to Freddy’s Frozen Custard & Steakburgers and guaranteed by JRI Hospitality, its largest franchisee. Situated in Opelika’s primary retail area, the property offers high visibility on Gateway Drive, with direct access to Interstate 85. Located across from the Tiger Town Power Center, a retail hub responsible for approximately 40% of Opelika’s total sales tax revenue, the asset benefits from regional draw and consistent consumer traffic. The property size is 3480 square feet. The investment structure is passive, requiring zero landlord responsibilities, and includes long-term contractual rent increases. The location benefits from strong market fundamentals within the high-growth Auburn–Opelika MSA.
Location Intelligence
Current Use by Public Records
Freddy's Frozen Custard ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Opelika
- County
- Lee
- State
- Alabama
- Longitude
- -85.370102
- Latitude
- 32.622501
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - New 20-year NNN lease with zero landlord responsibilities.
Where is this conventional restaurant located?
The property is located at 1701 Capps Landing Opelika, AL.
What is the asking price?
The asking price for this property is $2,735,000.
What are key features of this property?
This property features: Brand‑new 20‑year absolute triple‑net (NNN) lease with zero landlord responsibilities.; Leased to Freddy’s Frozen Custard & Steakburgers and guaranteed by JRI Hospitality, the brand’s largest franchisee.; Located in Opelika’s dominant retail corridor with exceptional visibility along Gateway Drive and direct access to Interstate 85.
