3116 Parliament Cir Montgomery, AL 36116
- Commercial land
- 1.49 lot acres
Current Use by Public Records
- MainStreet Family Care / Urgent Care Center
- KidsStreet Urgent Care / Urgent Care Center
Property Details for 3116 Parliament Cir
- Lot size
- 1.49 lot acres
- Zone code
- O-1
- Property type
- Commercial land
- APN
- 09-08-28-3-000-001.092
- APU
- 908283000001092
Description
This exceptional Class A executive office building, located at 3116 Parliament Cir, Montgomery, AL 36116, presents a compelling investment opportunity. The 3,584 square foot building, constructed in 2024, sits on a 0.99-acre lot offering high visibility off Vaughn Road. Currently 100% occupied under a long-term NNN lease with MainStreet Family Care, the lease commenced January 7, 2025, and extends for 15 years, with four or five-year renewal options. The property boasts a 6.50% cap rate and offers secure income and stable cash flow. Its prime location near high-performing retailers and affluent residential areas ensures strong tenant demand and long-term value. The fee simple ownership provides complete control and potential for future appreciation. This is a rare opportunity to acquire a newly constructed, high-performing asset in a desirable Montgomery location. The property's strategic positioning and strong tenant occupancy make it an ideal addition to any investment portfolio. The asking price is $1,999,999.
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
- -86.1651
- Latitude
- 32.3382
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
