For Sale
$1,600,000

8428 Vaughn RdMontgomery, AL 36117

High-yield Ellianos Coffee, Montgomery, AL

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple, single-tenant Ellianos Coffee located at 8428 Vaughn Rd, Montgomery, AL 36117. Built in 2024, this 805 square foot QSR/Fast Food establishment sits on a 0.35-acre lot and boasts a 14-year remaining lease term (expiring 11/30/2038) with a strong franchisee tenant. The lease commenced on 12/30/2023 and includes 2% annual rent bumps. The property offers a compelling 6.75% cap rate with a current NOI of $108,000 and an asking price of $1,600,000. The property benefits from its strategic location across from Wynlakes Golf & Country Club, near major retailers like Publix and Walmart, and within proximity to the Shoppes at Eastchase. The lease is a triple net (NNN) lease, placing responsibility for property taxes, insurance, and maintenance on the tenant. The lease includes a 1, 5-year option. This is a prime opportunity to acquire a stable, high-performing asset in a thriving market. The property features one building, one story, and is 100% occupied. The property's APN is 09-08-28-4-001-004.002.

Highlights

  • High-traffic location: Two minutes from Publix and Winn-Dixie supermarkets; Winn-Dixie is the only location within a 9-mile radius. Publix's ownership of their nearby site demonstrates strong market commitment.
  • Prime location across from Wynlakes Golf & Country Club: Offers exclusive access to over 1,000 homes within the prestigious country club.
  • Excellent retail synergy: Situated near The Shoppes at Eastchase, a premier shopping center with over 85 stores including Sephora and Lululemon, and a larger retail hub including Aldi, Target, and Costco.

Property Details for 8428 Vaughn Rd

Property type
Retail properties
Square Feet
805 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
15,246 SF
Units
1

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.3382915
Longitude
-86.1602887
8428 Vaughn Rd, Montgomery, Alabama

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8428 Vaughn Rd
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