Current Use by Public Records
- Retail properties & Spaces
Property Details for 960 Lagoon Business Loop
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional storefront property, located at 960 Lagoon Business Loop in Montgomery, Alabama (zip code 36109), presents a compelling investment opportunity. Priced at $2,236,000, this retail space boasts a strong 5.00% capitalization rate and a net operating income (NOI) of $123,000 annually. The property features a corporate lease with a national credit tenant, ensuring consistent income. The current five-year lease term expires on March 31, 2028. This location offers convenient access to Montgomery's industrial areas and numerous restaurants. A significant advantage is the property's backing onto the Lagoon Park Golf Course. The lease is a NNN (Net, Net, Net) structure, meaning the landlord's responsibility is limited to the building's structure and roof. This low-maintenance investment provides a secure and profitable return, making it an ideal addition to any portfolio. The property's prime location and strong tenant history make it a highly desirable asset in the Montgomery market. This is a rare opportunity to acquire a stable, high-performing retail investment.
Value Estimations
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AI approach
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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
- -86.2169
- Latitude
- 32.4056
