For Sale
$1,050,000

700 Eastern BlvdMontgomery, AL 36117

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

Overview

Added:
Dec 11, 2024
Days on market:
117
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
700 Eastern Blvd, Montgomery, Alabama

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700 Eastern Blvd
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