Parkerson Mill 2328 S College St

Investment Highlights

Retail Center and Office Duplex Properties - 100% Leased Interstate Location with great access 41 +/- Acres Additional Land

Executive Summary

Income Producing Property - The Village at Parkerson Mill, built in 2000, the McDonalds Ground Lease, has been kept leased and well maintained by the current owners, and with additional acreage. The property is currently 100% leased. Interstate Location - Parkerson Mill is located at the busiest Interstate interchange in Auburn - the primary exit to Auburn University and Downtown Auburn. Expansion Opportunity - Additional acreage is available to expand, with excellent Interstate frontage and visability. The additional property is approximately 41 acres. Cap Rate includes vacant land. Cap on income property is 4.5%.S College Street at the Exit 51 Interchange of Interstate 85, Auburn, Alabama. Property fronts S College, with over 2000' of frontage on Interstate 85.

• Sale Type    Investment
• Property Type    Retail Retail Retail Building Retail
• Building Size    19,350
• Building Class    C
• Year Built    2000
• Price    9,500,000
• Price Per SF    491
• Cap Rate    2.63
• NOI    250,000
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.16
• Land Acres    2.70 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.