4303 Court St Montgomery, AL 36105
- Retail properties
- 3,600 SF
- 1.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4303 Court St
- Year built
- 2024
- Lot size
- 1.25 lot acres
- Property size
- 3,600 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new (2024), 3,600 square-foot ExtraMile convenience store and gas station located at 4303 S Court St, Montgomery, AL 36105. Boasting a prime location on a signalized 4-way intersection with excellent visibility and access, this property sits on a substantial 1.25-acre lot. The property benefits from a rare 20-year absolute triple-net (NNN) lease with four, 5-year renewal options, providing significant long-term stability and predictable cash flow. Rent escalations of 1.5% annually further enhance the investment's value. The current Net Operating Income (NOI) is $380,000, resulting in a compelling 6.40% cap rate. The asking price is $5,937,500, translating to $1,649.31 per square foot. This ExtraMile location is part of a rapidly expanding 200+ unit franchisee operating across six states. The property's strategic location within a densely populated Montgomery corridor benefits from proximity to major employers like Hyundai Motor Manufacturing Alabama and the planned Meta data center, contributing to strong local economic drivers. Tax advantages are available through accelerated and bonus depreciation. This is a turnkey investment with minimal landlord responsibilities and significant upside potential. The property is 100% occupied and offers a robust investment opportunity with a strong tenant and favorable lease terms.
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
- -86.3072
- Latitude
- 32.3262
