For Sale
$2,900,000

7920-7968 Atlanta HwyMontgomery, AL 36117

Fully Leased Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 24,074 square foot shopping center, built in 2011, presents a compelling investment opportunity. Located at 7920-7968 Atlanta Highway in Montgomery, Alabama (zip code 36117), this Class B property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $202,636 and a 6.99% capitalization rate. The asking price is $2,900,000, translating to $120.46 per square foot. Situated on a 3.69-acre lot, the property is zoned PUD and benefits from high daily traffic counts of 22,733 vehicles. The single building structure offers a stable and attractive income stream for investors seeking a fully leased retail asset in a prime Montgomery location. This property is conveniently located on Atlanta Highway between Taylor Road and Chantilly Parkway, ensuring excellent visibility and accessibility for tenants and customers. The property's strong performance metrics and desirable location make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a fully leased, high-performing shopping center in a thriving market.

Highlights

  • $2,900,000 asking price for a fully leased retail shopping center.
  • 24,074 square feet on a 3.69-acre lot in Montgomery, Alabama.
  • Class B property built in 2011 with a 6.99% cap rate and $202,636 NOI.
  • 100% occupancy with a price per square foot of $120.46.
  • PUD zoning.

Property Details for 7920-7968 Atlanta Hwy

Property type
Lifestyle centers, Power centers
Square Feet
24,074 SF
Class
B
Year Built
2011
Buildings
1
Lot Size (sq. ft)
160,736 SF

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.380333962464
Longitude
-86.159297897366
7920-7968 Atlanta Hwy, Montgomery, Alabama

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7920-7968 Atlanta Hwy
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