For Sale
$550,000
3795 Eastern Blvd Montgomery, AL 36116
Net-leased restaurant; 8% cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- $550,000 asking price for this 8,800 SF net-leased retail property.
- New 5-year lease with a strong, established tenant commencing April 1, 2024, and expiring March 31, 2029 (4.4 years remaining).
- 8.00% cap rate with built-in rent escalations.
- Excellent condition Class B building located at a signalized intersection in Montgomery, AL, with high daily traffic counts.
- 1.3-acre lot, 1-story building, B-3 zoning.
Property Details for 3795 Eastern Blvd
- Property type
- Retail properties, Restaurants
- Square Feet
- 8,800 SF
- Class
- B
- Year Built
- 2001
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 56,628 SF
Location Insight
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Latitude
- 32.329488626035
- Longitude
- -86.232895984243
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Net-leased restaurant; 8% cap rate.
- Where is the retail property located?
- The property is located at 3795 Eastern Blvd Montgomery, AL.
- What is the asking price?
- The asking price for this property is $550,000.
- What are key features of this property?
- This property features: $550,000 asking price for this 8,800 SF net-leased retail property.; New 5-year lease with a strong, established tenant commencing April 1, 2024, and expiring March 31, 2029 (4.4 years remaining).; 8.00% cap rate with built-in rent escalations.
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