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181 Columbus Pkwy is a 5000+/-sqft commercial flex building near Downtown Opelika, AL HWY 280, and i85. It features a glass front retail space with two separable warehouse spaces attached. The building is currently owner occupied by the profitable and established business Simply Southern Home Decor. The business would prefer to continue to operate in the space and keep the current NNN lease in place as a tenant with a new building owner, but they are willing to terminate the current lease and vacate the property if the buyer desires. This is a great hands-off investment property since the current tenant is on an absolute NNN with the tenant responsible for all taxes, insurance and property maintenance. Currently offered at a 9% Cap Rate for investors with $30k NOI. The property would also work for a new owner occupied business. This is an outstanding commercial building in a central location in flourishing Opelika, located on Columbus Pkwy with a 22,000+ annual average daily traffic.
Information Source: Lee County Association of Realtors®
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