700 Eastern BlvdMontgomery, AL 36117

Property Details for 700 Eastern Blvd

Year built

1972

Lot size

0.94 AC

Property size (Sq ft)

6,380 SF

Zone code

B-3

Property type

Automotive properties

APN

10-06-13-1-009-001.000

APU

1006131009001000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,214,945

  6.5%

  $1,121,488

  7%

  $1,041,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,136,097

  Geo Method

  $3,136,097

• Alternative Use

  Use

  Valuation

  Residential

  $946,017

  Hospitality

  $866,546

  Educational

  $720,956

  Medical

  $745,751

  Retail

  $1,121,488

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3708

Longitude

-86.2104

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].