8428 Vaughn RdMontgomery, AL 36117

Property Details for 8428 Vaughn Rd

Lot size

0.99 AC

Zone code

B-3

Property type

Commercial land

APN

09-08-28-4-001-004.002

APU

908284001004002

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $6,394,238

  Hospitality

  $5,857,087

  Educational

  $4,873,028

  Medical

  $5,040,618

  Retail

  $7,580,266

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3383

Longitude

-86.1604

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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