2540 Eastern Blvd Montgomery, AL 36117

This exceptional 221,065 square foot shopping center in Montgomery, Alabama, presents a compelling investment opportunity. Boasting a 7.14% cap rate and a pro-forma cap rate of 8.07%, the property offers significant upside potential. Currently 89.82% occupied, the center features 21 tenants, including national brands like Ollie's, Guitar Center, Dollar Tree, and Rainbow. The property benefits from a prime location at a heavily trafficked intersection on Eastern Boulevard. Recent renovations (2021 & 2022) encompass roof replacement, parking lot improvements, and landscaping enhancements. The stabilized investment features a Net Lease (NNN) structure and a strong Net Operating Income (NOI) of $1,099,788, projected to increase to $1,242,288. A key asset is Floor & Decor's 15-year lease. The property, built in 1990, sits on a 21.12-acre lot and is priced at $15,400,000 ($69.66/sq ft). One junior box vacancy and below-market rents offer further growth opportunities. This multi-tenant retail center represents a rare chance to acquire a well-positioned, high-performing asset with substantial future income potential. The property's strong tenant mix, recent renovations, and prime location make it an attractive investment for discerning buyers.