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29446810
29446811

459 Opelika Rd, Auburn, AL 36830

GK
NY 49KU1129178
SURMOUNT
EO
NY NY 10401298466
SURMOUNT
FP
NY 10401333619
SURMOUNT
JK
NY 10401386896
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$2,928,571
126 days on market
Updated 65 days ago

Main Street Auto

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 6,278
Cap Rate 7%
NOI $205,000
Occupancy 100%
Tenancy Single
Brand/Tenant Main Street Auto
Lease Type NNN
Lease Term 20
Lease Expiration 02/28/2045
Remaining Term 18.8
Price per SqFt $466
Year Built 1976
Acreage 0.710
Tenant Credit Corporate Guarantee
Lease Commencement 02/20/2025
Ownership Fee Simple

Retail | 7.00% CAP | 6,278 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Main Street Auto located at 459 Opelika Rd, Auburn, AL 36830. The site consists of roughly 6,278 rentable square feet of building space on an estimated 0.71-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 2/20/2025. The current annual rent is $205,000 and has scheduled increases of 2.00% annually starting 3/1/2031.

Investment highlights

  • Strong Corporate Guarantee | The lease features a corporate guarantee from Main Street Auto. Main Street Auto is a rapidly growing operator of automotive repair shops in the southeast and beyond. They currently operate ~150 locations. The corporate guarantee on this lease is backed by ~110 of these locations.

  • Proximity to Auburn University | The subject property is located just 1.5 miles from Auburn University, home to over 33,000 students, faculty, and staff. The site benefits from exceptional daily traffic, steady consumer spending, and year-round demand generated by one of Alabama’s largest universities.

  • Strong Population Growth | The property benefits from a steadily growing population, with projected annual growth of 1.6% within a 3-mile radius and 1.7% within a 5-mile radius through 2029, supporting sustained demand for retail, services, and commercial activity in the surrounding trade area.

  • Built-In Customer Base | The property is positioned within a densely populated trade area, with 56,177 residents within 3 miles and 83,010 residents within 5 miles, offering a robust customer base to support retail, dining, and service-oriented businesses.

Listing Contacts

GK
NY 49KU1129178
SURMOUNT
EO
NY NY 10401298466
SURMOUNT
FP
NY 10401333619
SURMOUNT
JK
NY 10401386896
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$205,000.00
$17,083.33/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Brian Brockman
License
119315
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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