1365 Donahue dr - Retail FOR SALE


Auburn, AL 36832- South Auburn
$2,650,000 USD
404-934-5558
1365 Donahue dr, Auburn, AL for Sale
$2,650,000 USD
Retail - FOR SALE
1/5
null | 5% Cap Rate

1365 Donahue dr
Auburn, AL 36832
South Auburn


HIGHLIGHTS

  • Long term 25-year absolute NNN lease with 23 years of initial term remaining
  • Largest Taco Bell franchisee with 370+ units
  • 1.5 miles north of Auburn University (34,000+ students)
  • Directly across new Plains High School (2,000+ students) and a proposed grocery anchored development
  • AHHI exceeds $107,000 and population is expected to grow 6% by 2030 within a 1-mile radius
  • Built-in customer base surrounded by 9,000+ lots that were recently developed, approved, proposed or under construction

OVERVIEW

TSCG is pleased to offer for sale a newly constructed Taco Bell in Auburn, AL. The Property is strategically located near the intersection of North Donahue Dr and Shug Jordan Pkwy (35,000+ combined VPD), 1.5 miles north of Auburn University (34,000+ students). Northern Auburn is seeing tremendous growth with a plethora of homes recently built, under construction and proposed in the immediate area. Within a 1-mile radius, the AHHI exceeds $107,000 and the population is expected to grow more than 6% by 2030. The lease features a 25-year initial term with 23 years remaining.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$1,019 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell | Near Auburn University

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

-

APN/PARCEL ID

18-03-06-0-000-352.000

ASK ABOUT THIS PROPERTY

404-934-5558

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404-934-5558

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