This exceptional retail investment opportunity, located at 1702-1796 Carter Hill Road in Montgomery, Alabama, presents a compelling case for investors seeking strong returns. The 67,662 square foot center sits on a 4.8-acre lot and boasts 3 buildings constructed in 1991, featuring 350 parking spaces. Currently 86.26% occupied, the property includes 17 units and is anchored by a Winn-Dixie, representing over 53% of total rent. The property benefits from a corporate guaranteed lease with a remaining term of 5 years, offering stability and security. The current Net Operating Income (NOI) stands at $453,869, yielding a 7.15% cap rate, with an asking price of $6,347,800 ($93.82/sq ft). The property's prime location, just blocks from Alabama State University (nearly 4,000 students), Huntingdon College (1,100 students), and Montgomery Academy (805 students), ensures high foot traffic and visibility. Its proximity to I-85 (115,800 vehicles per day), Jackson Hospital, and major retail centers further enhances its appeal. The property offers potential upside through leasing up approximately 14% of vacant space, immediately increasing NOI. Detailed lease options and rent bump information are available upon request. This is a rare opportunity to acquire a well-positioned, multi-tenant retail center in a thriving Montgomery, Alabama market.
Highlights
University location, proximate to Alabama State University (3,964 students).
Winn-Dixie-anchored center, 53%+ of rent from a corporately guaranteed lease.
Low rent of $6/SF.
High visibility and access from Carter Mill Rd, Mulberry St, and Narrow Lane Rd (combined ±74,430 VPD).
Significant upside potential through leasing 14% of vacant GLA, boosting NOI.
Excellent location near I-85 (115,800 VPD), Jackson Hospital (344 beds), Huntingdon College (1,100 students), and Midtown Plaza (Walmart-anchored).
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Nikki Faris
Gary Chou
Matt Coates
Rad von Werssowetz
Calvin Short
Visit Broker Website
Learn more
Useful Information
Request information
1702-1796 Carter Hill Rd, Montgomery, Alabama, 36106
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
1702-1796 Carter Hill Rd
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.