For Sale
$3,300,000

2020 South BlvdMontgomery, AL 36116

Grocery-anchored retail center, high traffic

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 57,700 square foot, single-story, Class B retail center in Montgomery, Alabama. The property boasts a strong tenant lineup featuring Fresenius Kidney Care and Fresh Value grocery store, ensuring 100% occupancy under a triple-net (NNN) lease structure. Built in 2014 and renovated in the same year, the property sits on a substantial 239,432 square foot lot at 2020 E South Blvd, Montgomery, AL 36116 (APN: 1009321006004000). With a stabilized net operating income (NOI) of $271,347 and an attractive 8.22% cap rate, this multi-tenant property offers a compelling return on investment. The asking price is $3,300,000 ($57.19/sq ft). The property benefits from a prime location on US-80, experiencing high traffic counts of 35,000 vehicles per day. Its strategic position within Montgomery's medical hub, near two hospitals with a combined 567 beds and numerous other medical facilities, ensures consistent demand and strong tenant stability. The credit-rated tenants provide further security and peace of mind. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving market.

Highlights

  • 57,700 SF single-story Class B retail center in Montgomery, AL.
  • 100% occupied by credit-rated tenants, including Fresenius Kidney Care and Fresh Value, under a NNN lease.
  • $3,300,000 asking price ($57.19/SF), with a stabilized NOI of $271,347 and an 8.22% cap rate.
  • Prime US-80 location with 35,000 VPD, situated near a major medical hub.
  • Built in 2014, situated on a 239,432 SF lot (APN: 1009321006004000).

Property Details for 2020 South Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
57,700 SF
Class
B
Year Renovated
2014
Buildings
1
Stories
1
Units
2

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.326760318105
Longitude
-86.280715583036
2020 South Blvd, Montgomery, Alabama

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2020 South Blvd
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