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3831 Pepperell Parkway-SOLD
Opelika, AL 36801
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30,890+/-SF Building & 5+/- Acres located at 3831 Pepperell Parkway, Opelika, Alabama with 156+/-ft frontage on Pepperell Parkway, 865+/-ft  frontage on Yarbrough Drive. New A/C & Heat-Retail sales area, new Sprinkler System-Retail sales area, Triple Net Lease (NNN) To Be Assigned. 

Occupied by Alabama Association of Habitat Affiliates Inc

            Lease began on 2/1/12 @  3,000/Mo

            $48,000/yr on 2/1/13   @ 4,000/Mo

            $60,000/yr on 2/1/14   @ 5,000/Mo                      (Remaining 8 ½ yrs)

Paragraph 7 of Lease:

 

Taxes.  Tenant Reimburse Landlord for All Advalorem Taxes.

 

Insurance.  Tenant will maintain and pay for such liability, fire, and extended coverage insurance on insurance on the leased premises, including any improvements thereon, in an amount equal to the full insurable value of the improvements with proper clauses in the policies of insurance making the losses payable to Landlord and Tenant as their respective interest may appear.

 

Tenant shall provide liability insurance with companies approved by Landlord insuring Landlord and Tenant against claims for personal injury, death or property damage in the minimum amount of $1,000,000.00 in the aggregate per occurrence.

 

Landlord shall specifically be made an additional insured in all of the above mentioned policies.  Tenant shall promptly provide Landlord with copies of insurance policies and endorsements evidencing the above insurance coverage’s.






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