700 Eastern Blvd Montgomery, AL 36117-1913
- Automotive properties
- 6,380 SF
- 0.94 lot acres
Current Use by Public Records
- Automotive properties
Property Details for 700 Eastern Blvd
- Year built
- 1972
- Lot size
- 0.94 lot acres
- Property size
- 6,380 SF
- Zone code
- B-3
- Property type
- Automotive properties
- APN
- 10-06-13-1-009-001.000
- APU
- 1006131009001000
Description
This exceptional investment opportunity presents a 6,073-square-foot storefront located at 700 Eastern Blvd, Montgomery, Alabama, 36117. Situated on a prominent 41,382 square foot lot, this single-story, 1972-built building underwent renovations in 2000. Currently occupied by Simmons Go Battery under a Net Lease (NNN) agreement, this property offers a strong, stable income stream with a current Net Operating Income (NOI) of $99,123 and a compelling 9.44% capitalization rate. The asking price is $1,050,000, translating to $172.90 per square foot. The property benefits from its high-traffic location on Eastern Boulevard, conveniently situated near Interstate I-85 and surrounded by new car dealerships, ensuring consistent visibility and customer traffic. This sale includes a leaseback agreement, providing a seamless transition for the buyer. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. This is a single-tenant retail property offering a secure and lucrative investment opportunity in a thriving Montgomery market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2104
- Latitude
- 32.3708
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
