American Lubefast
1515 East Glenn Avenue
Auburn, AL 36830
| Price: |
$1,413,173 |
| CAP Rate: |
8.35% |
| Building Size: |
2,449 SF |
| Approx Lot Size: |
38916.00 Acre(s) |
| Year Built: |
1995 |
Net Lease
Investment: |
Yes |
| Existing Debt: |
No |
| Property On Ground Lease: |
No |
| 1031 Exchanges Acceptable: |
Yes |
Property Features- Lease Type: Net, Net, Net Lease. No Landlord responsibilities. Tenant has option to purchase.
- Lease Term: Twenty (20) years
- Lease Commencement: September, 2007
- Lease Renewal Options: Two (2) Ten (10) years
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For more information contact:
Keith Sturm
(612) 332-6600
Upland Real Estate Group, Inc.
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Property Description
The city of Auburn is located approximately 40 miles from Columbus, GA and 60 miles from Montgomery, AL. Auburn is located in the southeastern part of Alabama and is accessible by Interstate 85, US 29, and US 280. Auburn is a college town and is home to Auburn University. Auburn is a thriving city of approximately 50,000 permanent residents and 20,000 student residents for a combined population of near 70,000. Auburn is located along Interstate 85 in east central Alabama. It is the principal city of the Auburn Metropolitan Area, a MSA with a population of 123,254 which, along with the Columbus, Georgia-Alabama MSA and the Tuskegee, Alabama Micropolitan Statistical Area, comprises the greater Columbus-Auburn-Opelika, Georgia-Alabama Combined Statistical Area with an estimated population of 276,000.
This site is located in the east side of Auburn, AL off Glenn Avenue near the airport. Retailers in the immediate area include: Kroger, CVS Pharmacy, Walgreens, NAPA Auto Parts, AutoZone, Winn-Dixie, Sonic Drive-In, Mc Alister's Deli, Chili's Grill & Bar and IHOP Restaurant.
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