This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Chipotle | Near Auburn University 1700 Opelika Rd

2,313 SF Retail Building Auburn, AL 36830 £2,607,033 (£1,127/SF) 5% Net Initial Yield

Investment Highlights

  • New 15-year absolute NNN lease to a major national QSR tenant
  • No landlord management, an ideal opportunity for passive investors
  • Chipotle is ranked on the Fortune 500 and is recognized on the 2024 list for Fortune’s Most Admired Companies
  • 10% rental increases every five (5) years in initial term and option periods, providing a passive longterm income generator
  • Chipotle is the only restaurant company of its size that owns and operates all its restaurants

Executive Summary

This Chipotle is located directly across the street from Auburn Mall and near the signalized hard corner of Opelika Road and E University Drive, which experiences a high-traffic count of 27,674 vehicles per day. Auburn University is the second largest university in Alabama with 33,000+ students & 1,330 faculty, and the university contributes over $6.3 billion annually to Alabama’s economy through job creation, research and development, and spending by students and visitors. The property is within the Market Square Shopping Center and adjacent to Flints Crossing Shopping Plaza with power tenants such as Crunch Fitness, Big Lots, McDonald’s, AT&T, HomeGoods, and Michaels, positioning the site to capture significant shopper traffic. Prime location minutes from Auburn University and East Alabama Medical Center, establishing a built-in customer base of more than 36,000 customers. As Alabama’s fastest-growing metropolitan area, the population within a one-mile radius of the site has increased by more than 55% since the 2010 U.S. Census, illustrating the area’s rapid growth. The population count within a five-mile radius of the site is 94,650 (a 41% increase since the 2010 U.S. Census).

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,313 SF
Building Class
B
Year Built
2024
Price
£2,607,033
Price Per SF
£1,127
Net Initial Yield
5%
NOI
£130,352
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Land Acres
0.41 AC
Opportunity Zone
Yes
Parking
23 Spaces (9.94 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Crunch
Starbucks
Applebee's
Waffle House
WW
PNC Bank
Cook Out
Chicken Salad Chick
Orangetheory Fitness
Walmart Neighborhood Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-05-21-1-000-021.000
Land Assessment
£35,789
Improvements Assessment
£51,263
Total Assessment
£87,052
  • Listing ID: 33513929

  • Date on Market: 14/10/2024

  • Last Updated:

  • Address: 1700 Opelika Rd, Auburn, AL 36830

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}