For Sale
$1,050,000

700 Eastern Blvd Montgomery, AL 36117

High-traffic location, 6,073 SF, 9.44% Cap Rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 6,073-square-foot storefront located at 700 Eastern Blvd, Montgomery, Alabama, 36117. Situated on a prominent 41,382 square foot lot, this single-story, 1972-built building underwent renovations in 2000. Currently occupied by Simmons Go Battery under a Net Lease (NNN) agreement, this property offers a strong, stable income stream with a current Net Operating Income (NOI) of $99,123 and a compelling 9.44% capitalization rate. The asking price is $1,050,000, translating to $172.90 per square foot. The property benefits from its high-traffic location on Eastern Boulevard, conveniently situated near Interstate I-85 and surrounded by new car dealerships, ensuring consistent visibility and customer traffic. This sale includes a leaseback agreement, providing a seamless transition for the buyer. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. This is a single-tenant retail property offering a secure and lucrative investment opportunity in a thriving Montgomery market.

Highlights

  • $1,050,000 asking price for a 6,073 SF retail storefront.
  • Net lease investment opportunity with a 9.44% cap rate and $99,123 NOI.
  • Single-tenant, NNN lease.
  • Located at 700 Eastern Blvd, Montgomery, AL 36117, near I-85.
  • Built in 1972, renovated in 2000.
  • Sale for leaseback.

Property Details for 700 Eastern Blvd

Property type
Retail properties, Retail space
Square Feet
6,073 SF
Year Built/Renovated
1972/2000
Buildings
1
Stories
1

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.3708351
Longitude
-86.2103254

FAQs

What type of property is this?
Retail property - High-traffic location, 6,073 SF, 9.44% Cap Rate
Where is the retail property located?
The property is located at 700 Eastern Blvd Montgomery, AL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: $1,050,000 asking price for a 6,073 SF retail storefront.; Net lease investment opportunity with a 9.44% cap rate and $99,123 NOI.; Single-tenant, NNN lease.
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.
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700 Eastern Blvd
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