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    3795 Eastern Blvd Montgomery, AL 36116

    For Sale
    $550,000

    Net-leased restaurant; 8% cap rate.

    Property size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This Montgomery, Alabama restaurant presents a compelling net-lease investment opportunity. The 8,800 square foot, single-story building, constructed in 2001, sits on a 1.3-acre lot and is situated on a highly trafficked Eastern Boulevard outparcel, benefiting from a traffic light intersection and high daily traffic counts. Currently 100% occupied by a well-established tenant under a new 5-year lease (commencing April 1, 2024, and expiring March 31, 2029), this property offers a strong, stable income stream. The lease includes rent bumps, providing for future income growth. The building itself is in excellent condition, reflecting the tenant's commitment and the property's overall quality. The property is zoned B-3 and features a single building on a spacious lot. The asking price is $550,000, representing a price per square foot of $62.50 and an attractive 8.00% capitalization rate. This is a turnkey investment with a proven track record and significant upside potential. The APN is 1007352000006010. Lease options are available.

    Property Features for 3795 Eastern Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    8,800 SF
    Class
    B
    Lot Size
    56,628 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1

    HighLights

    • $550,000 asking price for this 8,800 SF net‑leased retail property.
    • New 5‑year lease with a strong, established tenant commencing April 1, 2024, and expiring March 31, 2029 (4.4 years remaining).
    • 8.00% cap rate with built‑in rent escalations.
    • Excellent condition Class B building located at a signalized intersection in Montgomery, AL, with high daily traffic counts.
    • 1.3‑acre lot, 1‑story building, B‑3 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jackson Professional Funeral ... Funeral Home

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.232895984243
    Latitude
    32.329488626035

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    FAQs

    What type of property is this?
    Restaurant - Net-leased restaurant; 8% cap rate.
    Where is this restaurant located?
    The property is located at 3795 Eastern Blvd Montgomery, AL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price for this 8,800 SF net-leased retail property.; New 5-year lease with a strong, established tenant commencing April 1, 2024, and expiring March 31, 2029 (4.4 years remaining).; 8.00% cap rate with built-in rent escalations.
    Request Owner's contact information
    3795 Eastern Blvd Montgomery, AL 36116
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    Montgomery, AL 36116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3795 Eastern Blvd Montgomery, AL 36116
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