2232 South Blvd Montgomery, AL 36116

Property Details for 2232 South Blvd

Year built

2011

Lot size

0.58 lot acres

Property size

3,057 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 3,057 square foot, single-tenant retail property located at 2232 E South Blvd, Montgomery, AL 36116. The property, built in 2011 and renovated in 2019, sits on a 0.58-acre lot and offers 28 parking spaces. Currently leased to a franchisee operating a Burger King restaurant, the property boasts a 14-year remaining lease term (commencing October 29, 2018, and expiring October 31, 2038) with a 10% rent increase every five years. The absolute NNN lease structure provides a passive investment with zero landlord responsibilities. The property generates a Net Operating Income (NOI) of $180,000, representing a 6.00% cap rate on the $3,000,000 asking price. The tenant, Bulldog Restaurants, LLC, a subsidiary of Starboard Group, operates over 165 restaurants across eight states. Based on 2023 sales data, there's potential for over $5,800 in additional annual income. The property enjoys excellent visibility and access from South Blvd (US Hwy 82), a high-traffic area with approximately 87,380 vehicles per day. Its strategic location is an outparcel to Capitol Plaza, near Baptist Medical Center South, Governor's Square Shopping Center, and Jag High School, further enhancing its value and potential for future growth. The property benefits from strong sales trends, with a 10% increase in sales in 2023 and a healthy rent-to-sales ratio of approximately 8%. This is a rare opportunity to acquire a high-performing, passively managed retail investment with significant upside potential.

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Longitude

-86.2675

Latitude

32.3265