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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.

511 2ND AVE Opelika AL 36801-4315

[Locked] • APN 37593

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Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Building SqFt 2,583
Lot SqFt 35,200
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C2
Year Built 1989
Building Count 2
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Lease Term ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Convenience Store, Gas Station
Asking Details
Asking Cap Rate
******
Investment Highlights
  • 10+ Years Remaining on a Absolute Triple Net (NNN) Lease – No Landlord Responsibilities
  • Five (5), Five (5) Year Options & Two (2), Ten (10) Years Options to Renew
  • Attractive Rental Increases – 1.5% Annually – Next Rent Increase is January 2019
  • Strong Historical Occupancy – Tenant Has Been at Location Since 2007
  • Corporate Guarantee From Circle K Stores, Inc. and Couche-Tard, Inc.
  • Signalized Intersection with 15,420 Cars Passing Through the Intersection of N 6th Street and 2nd Avenue Daily
  • Excellent Visibility and Exposure with Ingress and Egress From N 6th Street and 2nd Avenue
  • Opelika/Auburn is the Fastest Growing MSA in Alabama
  • Population Growth Expected by 7.4% Over the Next 5 Years Within a 3-Mile Radius
  • Nearby Tenants Include: Dollar Tree, KFC, BB&T, PNC Bank, Burger King, Advance Auto Parts, Wendy’s and Many More

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
AA
Andrew Ackerman PRO
•••.•••.0445
•••••rman@•••••••.com
Brokerage logo
Sold on
 BY:
CM
Clifton McCrory PRO
•••.•••.8255
•••fton@•••••••.com
Brokerage logo
Sold on
 BY:
CS
Chris Sands PRO
•••.•••.3282
•hris@•••••••.com
Brokerage logo

Map

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