Current Use by Public Records
- Lifestyle centers
Property Details for 7920-7968 Atlanta Hwy
- Year built
- 2011
- Lot size
- 3.69 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 24,074 square foot shopping center, built in 2011, presents a compelling investment opportunity. Located at 7920-7968 Atlanta Highway in Montgomery, Alabama (zip code 36117), this Class B property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $202,636 and a 6.99% capitalization rate. The asking price is $2,900,000, translating to $120.46 per square foot. Situated on a 3.69-acre lot, the property is zoned PUD and benefits from high daily traffic counts of 22,733 vehicles. The single building structure offers a stable and attractive income stream for investors seeking a fully leased retail asset in a prime Montgomery location. This property is conveniently located on Atlanta Highway between Taylor Road and Chantilly Parkway, ensuring excellent visibility and accessibility for tenants and customers. The property's strong performance metrics and desirable location make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a fully leased, high-performing shopping center in a thriving market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.1593
- Latitude
- 32.3803
