1700 Opelika Rd Auburn, AL 36830-2826

This exceptional investment opportunity presents a 2,313 square foot Chipotle restaurant situated on a 0.41-acre lot at 1700 Opelika Rd, Auburn, AL 36830. Boasting a 15.1-year absolute NNN lease commencing December 15, 2024, and expiring December 31, 2039, this property offers a secure, long-term investment with built-in rent increases of 10% every five years. The property enjoys a prime location near Auburn University (33,000+ students and 1,330 faculty), East Alabama Medical Center (3,200 employees), and significant retail centers, including Auburn Mall. With a strong tenant (Chipotle) backed by a corporate guarantee and a current Net Operating Income (NOI) of $165,000, resulting in a 5.00% cap rate, this property offers exceptional visibility and access, experiencing high daily traffic counts exceeding 27,000 vehicles. The asking price is $3,300,000. The property was built in 2024 and has 100% occupancy. This is an ideal opportunity for passive investors seeking a stable, high-growth investment in a thriving Alabama market. The property is part of a shopping center with other national tenants such as McDonald's, Chick-fil-A, and more. The area's population has experienced significant growth, with a 55%+ increase within a one-mile radius and a 41% increase within a five-mile radius since 2010. This investment is structured for a 1031 exchange.