1701 Capps Lndg Opelika, AL 36804
- Retail properties
- 3,480 SF
- 1.58 lot acres
Current Use by Public Records
- Freddy's Frozen Custard & Steakburgers / Fast Food Restaurant
Property Details for 1701 Capps Lndg
- Year built
- 2021
- Lot size
- 1.58 lot acres
- Property size
- 3,480 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Opelika
- County
- Lee
- State
- Alabama
- Longitude
- -85.3999
- Latitude
- 32.6137
