Retail Asset Anchored by
1601 Eastern Blvd, Montgomery, AL 36117
For Sale
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Retail property with Starbucks and Bank of Hope as tenants.
Property Size3,856 SF
Lot Size0.52 Acres
Price / SF$527.72
Days on Market229
Property Features for 1601 Eastern Blvd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Prime Net Lease
Listed By:
Michael Matusik · License CA #01888322
(714) 874-4004
Source:
Crexi
Added: Mar 27
Changed: Oct 31
Last Checked: Nov 10 at 7:27AM
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 Prime Net Lease
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Investment Insights
Based on property information with market context.
This retail asset, anchored by Starbucks and Bank of Hope, is located at 1601 Eastern Boulevard in Montgomery, Alabama. Constructed in 2015, the 3,856-square-foot building is situated on a 0.52-acre lot. The property benefits from high visibility off Interstate 85, which sees over 112,000 vehicles per day, and frontage along Eastern Boulevard, with over 47,000 vehicles per day. Both tenants have operated at this location since the property's development. Starbucks recently executed a new 10-year lease renewal in 2025, and Bank of Hope exercised a 5-year renewal in 2023. The property is positioned in one of Montgomery’s retail corridors, directly across from Lowe’s, Home Depot, Harbor Freight, McDonald’s, CarMax, and Crunch Fitness, and surrounded by national retailers including Walmart, Ashley Furniture, Discount Tire, Chick-fil-A, Taco Bell, Burger King, and ALDI. Approximately 15 hotels are located within one mile. Nearby institutions include Auburn University at Montgomery, St. James School, the Alabama Shakespeare Festival, and the Montgomery Museum of Fine Arts. Montgomery’s economy is supported by major employers such as Hyundai Motor Manufacturing Alabama, which employs over 4,200 workers and produces up to 390,000 vehicles annually, and Maxwell Air Force Base and Gunter Annex, which support more than 14,500 personnel and contribute approximately $2.6 billion annually to the regional economy. Montgomery serves as a regional commercial hub with over 20,000 businesses employing more than 200,000 people within a 20-mile radius.
Key Highlights
- Anchored by Starbucks and Bank of Hope, both established tenants with recent lease renewals.
- Located in a dominant retail corridor with high traffic volume (Interstate 85: 112,000+ VPD; Eastern Boulevard: 47,000+ VPD) and exceptional visibility.
- Strong tenant profile with Starbucks, a globally recognized brand, and Bank of Hope (NASDAQ: HOPE), a major regional bank.
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
278k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Home Improvements & Furnishings 28%
Shops & Services 19%
Groceries 6%
McDonald's
Dining
36,784 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
31,958 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
30,855 visits/mo
0.3 miles
Golden Corral
Dining
21,780 visits/mo
0.3 miles
RaceTrac
Shops & Services
18,165 visits/mo
0.4 miles
Demographics for 36117, AL
53,172
Population
24,181
Households
2.2
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
998
Density / Sq Mi
$72,237
Median Household Income
$44,980
Median Earnings
$1,209
Median Rent
$225,900
Median Home Value
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Market
Vacancy Rate% for Retail in Montgomery, AL
Frequently Asked Questions
What type of property is this?
Bank - Retail property with Starbucks and Bank of Hope as tenants.
Where is this bank located?
The property is located at 1601 Eastern Blvd Montgomery, AL.
What is the asking price?
The asking price for this property is $2,034,874.
What are key features of this property?
This property features: Anchored by Starbucks and Bank of Hope, both established tenants with recent lease renewals.; Located in a dominant retail corridor with high traffic volume (Interstate 85: 112,000+ VPD; Eastern Boulevard: 47,000+ VPD) and exceptional visibility.; Strong tenant profile with Starbucks, a globally recognized brand, and Bank of Hope (NASDAQ: HOPE), a major regional bank.
