Listed by Matthews
$1,000,000
QSR Re Development - Opelika, AL
Details
APN 74243
Property Type Retail
Square Footage 1,775
Net Rentable (SqFt) 1,775
Units 1
Tenancy Vacant
Brand/Tenant Taco Bell, Burger King
Year Built 2009
Year Renovated 2009
Stories 1
Acreage 32803.000
Zoning C-2 (GC-P
Investment Type Redevelopment
Ground Lease No
Operating Resturaunt - Re Development or Re tenant Position
Marketing description
Value-Add / Redevelopment Opportunity
- Former Huddle House and current Gateway Grille location presents a rare opportunity to capitalize on existing restaurant improvements or reposition the site for a new concept
- Suitable for QSR, fast casual, medical retail, automotive, coffee user, or service-oriented redevelopment
- Strong underlying real estate fundamentals support long-term residual land value regardless of tenancy strategy
- Existing site layout and infrastructure create an efficient path toward re-tenanting or adaptive reuse
Opelika / Auburn MSA Advantage
- Auburn-Opelika MSA remains one of the fastest-growing markets in Alabama, driven by university expansion, manufacturing growth, and population migration
- Home to Auburn University, one of the largest universities in the Southeast with 30,000+ students and significant economic impact
- Major regional employers include Auburn University, East Alabama Health, Kia Georgia, Briggs & Stratton, and multiple advanced manufacturing operations
- Strong tourism and sports-driven economy fueled by SEC athletics and year-round university-related events
- Continued residential and commercial development throughout Opelika and Auburn has strengthened retail demand and investor interest across the market
- Centrally positioned between Atlanta, Birmingham, and Montgomery, benefiting from regional traffic and economic connectivity
Investment highlights
Strong Real Estate Fundamentals
- Strategically positioned at the Gateway Drive interchange off I-85 Exit 58, the property sits within the primary retail corridor serving the Opelika/Auburn market and the dominant retail node of East Alabama
- Rare second-generation restaurant opportunity with existing kitchen infrastructure, dining area, drive access, and utility improvements already in place, allowing an operator to significantly reduce startup costs and accelerate opening timeline
- Flexible value-add opportunity ideal for an owner-user, franchise operator, investor, or redevelopment play seeking frontage within the TigerTown trade corridor
- Located less than a quarter mile north of TigerTown, a ±1M SF regional retail destination anchored by national tenants including Target, Home Depot, Kohl’s, Best Buy, Kroger, Dick’s Sporting Goods, TJ Maxx, Ross, Old Navy, Chick-fil-A, and Starbucks
- Positioned directly along Gateway Drive with full access and deceleration lane ingress, benefiting from approximately ±33,800 VPD and direct connectivity to both I-85 and US-280
- Surrounded by a dense concentration of hotels, retail, restaurants, and service-oriented users that create consistent daytime traffic and strong consumer draw throughout the week
- Located within one of the fastest-growing corridors in the Auburn-Opelika MSA, with nearby residential, industrial, and mixed-use development continuing to expand along Gateway Drive and Wyndham Industrial corridors
- Strong demographic profile supported by Auburn University, regional employers, and continued in-migration:
- - Population: 28,684 (3-mile) | 74,432 (5-mile)
- - Average Household Income: $84,091 (3-mile) | $92,825 (5-mile)
- - Population growth of 11.84% within the 3-mile radius since 2020
- Immediate access to Auburn University and Auburn’s expanding student, faculty, and alumni population, which drives year-round restaurant and retail demand throughout the corridor
- Centrally located between Atlanta, Montgomery, and Birmingham along the I-85 growth corridor, positioning the site to benefit from both local and regional consumer traffic patterns
- Strong underlying real estate fundamentals make the property well suited for continued restaurant use, quick-service conversion, medical retail, automotive service, coffee concept, or long-term redevelopment structure
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Name
License
Brokerage Phone
Is there information that looks off?
