Property summary
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.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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