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Property profile & analytics
OFF-MARKET Estimated value $1,050,000
Grocery and convenience stores

2900 University Dr Auburn, AL 36830-7728

45,600 SF 8.5 ac lot Built 2012
Entity Owned 14-yr Hold Free & Clear
Property ID
US03-1953213
Property summary
AI-generated overview

This exceptional retail shopping center, the Shops at Cary Creek, presents a prime opportunity for service-based retail or specialty businesses. Located at 2900 E University Dr in Auburn, Alabama, 36830, this Class C property boasts a total of 63,100 square feet on an 8.34-acre lot. Currently, there are 2,800 square feet of vacant space available, with a minimum divisible unit size of 1,400 square feet. The center enjoys a highly desirable location at the corner of N College St & E University Dr, benefiting from exceptional visibility and accessibility. Its proximity to Auburn University, one of the largest universities in the South, with an enrollment of 28,290 students and 5,500 employees, ensures a substantial and consistent customer base. Auburn's status as the fastest-growing MSA in Alabama further underscores the investment potential of this property. The high traffic counts of approximately 22,433 AADT on E University Dr provide significant exposure for businesses operating within the center. This is an ideal location for businesses seeking to capitalize on the vibrant and growing Auburn market. The property is categorized as a multi-tenant shopping center in Lee County.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2012
Construction CONCRETE BLOCKS
Total area 45,600 SF
Lot 8.5 ac (370,260 SF)
APN 09-04-18-0-000-010-000
UPID US03-1953213
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • City National Bank - Presto ATM Atm
  • Publix Pharmacy at The Shoppes at Cary Creek Pharmacy
  • Western Union Bank Credit Union
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Dr. Anthony Spina Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$825k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$1.05M
Owner & transaction history
Publix Alabama LLC · 14 yrs held
Publix Alabama LLC
since 2011
1 recorded transaction
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.3M +85.0%
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