Current Use by 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
Property Details for 2020 South Blvd
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
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.
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
- -86.2807
- Latitude
- 32.3268
