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    1701 Capps Lndg Opelika, AL 36804

    Sponsored
    For Sale
    $2,783,000

    High-return QSR investment. Strong tenant, long lease.

    Property size:
    3,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 1701 Capps Lndg

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,480 SF
    Lot Size
    68,825 SF

    Building Details

    Year Built/Renovated
    2021/2021

    HighLights

    • Located in the high‑growth Auburn‑Opelika metro area (160,000+ residents).
    • 20‑year lease.
    • Absolute triple‑net (NNN) lease; no landlord responsibilities.
    • Freddy's Frozen Custard & Steakburgers (approx. 450 locations nationwide).
    • High‑traffic location: ±29,345 VPD on Gateway Drive and ±58,642 VPD on I‑85, near Hwy 280.
    • Across from Tiger Town Power Center (40% of Opelika's sales tax revenue), anchored by national tenants (Home Depot, Target, Best Buy, Kohl's, Hobby Lobby, PetSmart, Kroger).
    Property Profile Location Intelligence

    Current Use by Public Records

    Freddy's Frozen Custard ... Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Opelika
    County
    Lee
    State
    Alabama
    Longitude
    -85.399890855172
    Latitude
    32.613701148413

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    FAQs

    What type of property is this?
    Individual retail property - High-return QSR investment. Strong tenant, long lease.
    Where is this individual retail property located?
    The property is located at 1701 Capps Lndg Opelika, AL.
    What is the asking price?
    The asking price for this property is $2,783,000.
    What are key features of this property?
    This property features: Located in the high-growth Auburn-Opelika metro area (160,000+ residents).; 20-year lease.; Absolute triple-net (NNN) lease; no landlord responsibilities.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1701 Capps Lndg Opelika, AL 36804
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