4303 Court St Montgomery, AL 36105
High-yield retail investment, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Strong fundamentals in a densely populated Montgomery corridor; ±41,702 population within 3 miles, ±97,662 within 5 miles.
- 1.25-acre parcel on a signalized four-way intersection with multiple ingress/egress points and ample fuel canopy (8 gasoline lanes, 2 diesel lanes, 4 MPD).
- Nearby economic drivers include a new Meta data center, Hyundai Motor Manufacturing Alabama, and Glovis America, all within 5 miles.
- Optimal lease structure: 20-year base term with four 5-year renewal options, 1.5% annual rent escalations, absolute NNN lease, and tax advantages.
- Montgomery, AL benefits include being Alabama's capital, strong GDP, favorable housing market rankings, and major employers like Maxwell Air Force Base and Hyundai.
- Large, established franchisee: 200+ unit operator with a 30+ year history, operating across six states. ExtraMile is a top-10 US gas/c-store chain, a joint venture between Chevron and Jacksons Food Stores.
Property Details for 4303 Court St
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 3,600 SF
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 54,450 SF
- Units
- 1
Location Insight
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Latitude
- 32.3262356
- Longitude
- -86.3072351
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield retail investment, strong tenant.
- Where is the retail property located?
- The property is located at 4303 Court St Montgomery, AL.
- What is the asking price?
- The asking price for this property is $5,937,500.
- What are key features of this property?
- This property features: Strong fundamentals in a densely populated Montgomery corridor; ±41,702 population within 3 miles, ±97,662 within 5 miles.; 1.25-acre parcel on a signalized four-way intersection with multiple ingress/egress points and ample fuel canopy (8 gasoline lanes, 2 diesel lanes, 4 MPD).; Nearby economic drivers include a new Meta data center, Hyundai Motor Manufacturing Alabama, and Glovis America, all within 5 miles.
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