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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2020 South Blvd Montgomery, AL 36116

57,700 SF
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 57,700 square foot, single-story, Class B retail center in Montgomery, Alabama. The property boasts a strong tenant lineup featuring Fresenius Kidney Care and Fresh Value grocery store, ensuring 100% occupancy under a triple-net (NNN) lease structure. Built in 2014 and renovated in the same year, the property sits on a substantial 239,432 square foot lot at 2020 E South Blvd, Montgomery, AL 36116 (APN: 1009321006004000). With a stabilized net operating income (NOI) of $271,347 and an attractive 8.22% cap rate, this multi-tenant property offers a compelling return on investment. The asking price is $3,300,000 ($57.19/sq ft). The property benefits from a prime location on US-80, experiencing high traffic counts of 35,000 vehicles per day. Its strategic position within Montgomery's medical hub, near two hospitals with a combined 567 beds and numerous other medical facilities, ensures consistent demand and strong tenant stability. The credit-rated tenants provide further security and peace of mind. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving market.

Property profile
Verified
Property type Retail properties & Spaces
Total area 57,700 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • A Cost Plus Food Outlet Grocery & Convenience Store Food Market
  • ATM Auto Repair Shop Vehicle Inspection Center
  • Fresh Value Montgomery Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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