960 Lagoon Business LoopMontgomery, AL 36109

For Sale
$2,236,000
Property records and analytics
High-yield retail investment opportunity. National tenant, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional storefront property, located at 960 Lagoon Business Loop in Montgomery, Alabama (zip code 36109), presents a compelling investment opportunity. Priced at $2,236,000, this retail space boasts a strong 5.00% capitalization rate and a net operating income (NOI) of $123,000 annually. The property features a corporate lease with a national credit tenant, ensuring consistent income. The current five-year lease term expires on March 31, 2028. This location offers convenient access to Montgomery's industrial areas and numerous restaurants. A significant advantage is the property's backing onto the Lagoon Park Golf Course. The lease is a NNN (Net, Net, Net) structure, meaning the landlord's responsibility is limited to the building's structure and roof. This low-maintenance investment provides a secure and profitable return, making it an ideal addition to any portfolio. The property's prime location and strong tenant history make it a highly desirable asset in the Montgomery market. This is a rare opportunity to acquire a stable, high-performing retail investment.

Highlights

  • National Credit Tenant with Corporate Lease.
  • Five-Year Lease Expiring March 31, 2028.
  • Convenient to Montgomery's Industrial Areas and Restaurants.
  • Backs onto Lagoon Park Golf Course.
  • NNN Lease; Landlord Responsible Only for Structure and Roof.
  • $123,000 Annual NOI; $2,236,000 Sale Price (Note: Sale price corrected from original highlight).

Property Details for 960 Lagoon Business Loop

Property type
Retail properties, Retail space

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.4055684
Longitude
-86.2169325
960 Lagoon Business Loop, Montgomery, Alabama

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FAQs

What type of property is this?
Retail property - High-yield retail investment opportunity. National tenant, strong NOI.
Where is the retail property located?
The property is located at 960 Lagoon Business Loop Montgomery, AL.
What is the asking price?
The asking price for this property is $2,236,000.
What are key features of this property?
This property features: National Credit Tenant with Corporate Lease.; Five-Year Lease Expiring March 31, 2028.; Convenient to Montgomery's Industrial Areas and Restaurants.
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 access a private listing?
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Contacts

Marc Perlman
Visit Broker Website

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Lagoon Business Loop
Montgomery, AL 36109

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Montgomery, AL 36109

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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.

960 Lagoon Business Loop
  • Marc Perlman
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