Multi-Tenant Strip Center For
7730-7798 Atlanta Hwy Montgomery, AL 36117
7730-7798 Atlanta Hwy, Montgomery, AL, 36117
$3,930,000
For Sale
$3,930,000
High-performing strip center with upside potential in Montgomery, Alabama.
Property Size27,250 SF
Lot Size7.86 Acres
Price / SF$144.22
Days on Market113
Property Features for 7730-7798 Atlanta Hwy
General Information
- Standard status
- Active
- Size
- 27,250 SF
- Lot size
- 7.86 Acres
- Property subtype
- Retail
Listing agency
(941) 504-4222
Listed by
Justin Sturdivant · License #TN #333989
(941) 504-4222
Source
Franklinst
Added: Apr 1 Updated: Jul 10 at 1:15PM Checked: Jul 10 at 1:15PM
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 Justin Sturdivant
Investment Insights
Based on property information with market context.
This multi-tenant strip center, constructed in 2003, is situated on a 7.86-acre parcel and totals 27,250 rentable square feet. The center is currently 85.33% occupied. Located along Atlanta Highway, a primary east retail corridor with a traffic count of 22,436 vehicles per day, the property benefits from strong commuter traffic and established retail synergy. The surrounding trade area is supported by 89,373 residents within a five-mile radius and average household incomes exceeding $93,000. The property has a diversified tenant mix. The center benefits from NNN lease structures and limited landlord expense exposure. There is embedded rental growth within select leases. The property has 2,500 square feet currently vacant. The vacancy is comprised of the center's two end cap units. The in-place net operating income is $294,725. The expense ratio is 24.6%.
Key Highlights
- Attractive 7.50% Going‑In Cap Rate supported by $294,725 in in‑place net operating income.
- High‑Performing Multi‑Tenant Strip Center totaling 27,250 RSF and currently 85.33% occupied.
- Embedded Growth and Upside Potential through 2,500 SF vacancy and contractual rent increases.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $457.8k | $16.80 |
| − Vacancy | −$25.6k | −$0.94 |
| EGI | $432.2k | $15.86 |
| − OpEx | −$129.6k | −$4.76 |
| NOI | $302.5k | $11.10 |
27,250 SF · lease $16.80/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.32M
$3.78M – $5.04M
NOI $302,514 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.65M
$4.94M – $6.59M
NOI $395,539 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - High-performing strip center with upside potential in Montgomery, Alabama.
Where is this strip mall located?
The property is located at 7730-7798 Atlanta Hwy Montgomery, AL.
What is the asking price?
The asking price for this property is $3,930,000.
What are key features of this property?
This property features: Attractive 7.50% Going‑In Cap Rate supported by $294,725 in in‑place net operating income.; High‑Performing Multi‑Tenant Strip Center totaling 27,250 RSF and currently 85.33% occupied.; Embedded Growth and Upside Potential through 2,500 SF vacancy and contractual rent increases.
