2020 South BlvdMontgomery, AL 36116

Property Details for 2020 South Blvd

Property size (Sq ft)

57,700 SF

Property type

Healthcare properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3268

Longitude

-86.2807

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