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Investors Only! 9% Cap Rate Property in Opelika, AL!

For Sale in Opelika, AL

Financial & Assets Details

About the Business

Business Description

Investors only! Busy Interstate Exit Location! This property is only one and half hours away from Atlanta!

Property Appraised for $1.14M in 2014!

Cap Rate: 9%
Lot Size: 0.93 acres
Year Built: 1992

Expenses:

Property Insurance: Paid by Tenant
Property Tax: Paid by Tenant
Additional Property maintenance: Paid by Tenant

Gas station rental income is $63,000/yearly. Tenant pays for all expenses including property taxes and property insurance.

Long term lease for 15 years!

Part of Alabama’s second fastest growing county! 10 miles to Auburn University, draws significant traffic! Easy in and out for motor vehicles. Prime location and high real estate value! Just the land is worth the asking price!

Immediately at the intersection of busy I-85 and 280 freeways. Nonstop traffic - day and night. Surrounded by 7 motels and 8 factories.

Asking Price for Property: $700,000!

9% Cap Rate Property!

Listing ID: Opelika700k

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