Single-Tenant NNN
For Sale
$949,000
1115 Coliseum Boulevard, Montgomery, AL 36110
New Grill Pollo location is being renovated to a 2022 prototype under a 20-year absolute NNN lease.
Property Size3,604 SF
Lot Size1.55 Acres
Days on Market199
Property Features for 1115 Coliseum Boulevard
General Information
Standard status
Active
Size
3,604 SF
Lot size
1.55 Acres
Property subtype
Street Retail
Building Details
Building Size
3,604 SF
Year Built
1988
Tenancy
Single
Listing Agency:
Moore Company Realty, Inc
Listed By:
Gene Cody, CCIM
(334) 262-1958
Source:
Thebrokerlist
Added: Apr 11
Changed: Oct 26
Last Checked: Oct 24 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Moore Company Realty, Inc
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Investment Insights
Based on property information with market context.
Matthews Real Estate Investment Services exclusively presents the sale of a new Grill Pollo location in Montgomery, Alabama. The property is currently being renovated to Grill Pollo’s new 2022 prototype. Grill Pollo has signed a 20-year Absolute NNN lease, with 2% annual increases through the base term and option periods.
The site is positioned on a 1.55-acre parcel at a signalized 4-way intersection in the middle of Alabama’s state government hub, supporting retail visibility from a multi-directional roadway setting.
This offering is structured around a single-tenant, NNN lease configuration with scheduled annual rent increases over the full lease term and options.
The site is positioned on a 1.55-acre parcel at a signalized 4-way intersection in the middle of Alabama’s state government hub, supporting retail visibility from a multi-directional roadway setting.
This offering is structured around a single-tenant, NNN lease configuration with scheduled annual rent increases over the full lease term and options.
Key Highlights
- Being renovated for a new Grill Pollo 2022 prototype
- 20‑year absolute NNN lease recently signed
- Lease includes 2% annual increases through the base term and option periods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,867
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,340
$857.3K
Cap Rate 7%
$612,386
$612.4K
Cap Rate 9%
$476,300
$476.3K
Market Conditions
NOI Build-Up for 3,604 SF
Gross rent
$60.5K $16.80/SF
− Vacancy
−$3.4K −$0.94/SF
EGI
$57.2K $15.86/SF
− OpEx
−$14.3K −$3.96/SF
NOI
$42.9K $11.89/SF
Area
Montgomery, AL
Vacancy
5.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,340
Cap Rate 7%
$612,386
Cap Rate 9%
$476,300
Alternative Uses
Best Use
Specialty Retail
$612.4K
$535.8K – $714.5K
NOI $42,867 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$747.3K
$653.9K – $871.9K
NOI $52,313 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
43k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 80%
Shops & Services 18%
Hotels & Casinos 2%
Walmart Neighborhood Market
Groceries
34,679 visits/mo
0.2 miles
Guardian Credit Union
Shops & Services
6,298 visits/mo
0.4 miles
Penske Truck Rental
Shops & Services
844 visits/mo
0.4 miles
Motel 6
Hotels & Casinos
829 visits/mo
0.3 miles
Gerber Collision & Glass
Shops & Services
487 visits/mo
0.4 miles
Demographics for 36110, AL
11,492
Population
5,072
Households
2.3
Avg Household Size
38
Median Age
10%
College-Educated
77%
High-School Grad
29.5 sq mi
ZIP Area
390
Density / Sq Mi
$41,140
Median Household Income
$31,337
Median Earnings
$1,014
Median Rent
$81,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Montgomery, AL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - New Grill Pollo location is being renovated to a 2022 prototype under a 20-year absolute NNN lease.
Where is this conventional restaurant located?
The property is located at 1115 Coliseum Boulevard Montgomery, AL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Being renovated for a new Grill Pollo 2022 prototype; 20‑year absolute NNN lease recently signed; Lease includes 2% annual increases through the base term and option periods
