3901 Pepperell Pkwy Opelika, AL 36801-6045
- Office buildings
- 1,934 SF
- 0.51 lot acres
Current Use by Public Records
- TitleMax Title Pawns / Loan Agency / Car Finance And Loan Company
Property Details for 3901 Pepperell Pkwy
- Year built
- 1983
- Lot size
- 0.51 lot acres
- Property size
- 1,934 SF
- Property type
- Office buildings
- APN
- 09-05-15-3-000-057-001
- APU
- 905153000057001
Description
This exceptional investment opportunity presents a 1,934 square foot, single-tenant office building located at 3901 Pepperell Pkwy, Opelika, AL 36801. The property boasts a 6.56% cap rate and a substantial net operating income (NOI) of $44,967. The building, constructed in 1983 and renovated in 1994, sits on a 0.51-acre lot. Currently occupied at 100% occupancy since December 6, 2002, by a credit-rated tenant under an absolute NNN lease, this property offers significant financial stability. The lease, with a remaining term of approximately 1.9 years, includes three 5-year renewal options with a 6% rent escalation clause. The tenant is prepared to exercise one of these options immediately, ensuring long-term income potential. This single-story building offers a secure, passive income stream for discerning investors seeking a stable, high-return investment in a desirable location. The property's strong tenant history and favorable lease terms make it an attractive proposition for those seeking a low-risk, high-reward investment. The asking price is $685,000. This is a full ownership opportunity.
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
- -85.4371
- Latitude
- 32.6297
- CBSA code
- 12220
- CBSA name
- AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA
