Price: $1,800,000 | Avg Cap Rate: 8.00% | NOI: $126,000
Prime College Town Location (Auburn University) Located just minutes from Auburn University, the subject property directly benefits from the school’s large and growing student population (34,000+ students) along with faculty, staff, and visiting families. This dynamic academic environment drives consistent consumer traffic and strong demand for retail essentials, particularly in home furnishings and move-in/move-out cycles tied to the academic calendar. Over the past 5 years, Auburn has boasted a 12.1% increase in total enrollment (Auburn.edu).
High-Visibility Retail Corridor The property enjoys excellent frontage along Opelika Road, one of Auburn’s key retail arteries with over 20,500+ vehicles per day. This exposure provides the tenant with strong visibility and access, positioning the site to capture both destination and impulse traffic from residents, students, and commuters alike.
Stable, Passive Income Lease Structure The asset is secured by a brand new (July 2025) Absolute NNN lease, requiring zero landlord responsibilities for taxes, insurance, or maintenance. This structure ensures fully passive income and predictable cash flow, ideal for investors seeking stability with minimal management oversight.
Attractive In-Place Yield at Low Price Point The lease features an average in-place cap rate of 8.00% over the primary term—well above typical single-tenant retail averages in comparable markets. This provides investors with an immediate, risk-adjusted return backed by a growing operator in a thriving college town.
Strong Demographics & Market Fundamentals Within a three-mile radius, Auburn boasts a growing population, a median age in the mid-20s, and median household incomes exceeding $55,000. This combination of youthful energy, steady population growth, and purchasing power supports a robust retail environment and reinforces the long-term investment appeal of the corridor.