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    FOR SALE
    Drive through restaurants

    1756 Carter Hill Rd, Montgomery, AL 36106

    1,617 SF 0.43 ac lot Built 2014
    Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US03-0290171
    Property summary
    AI-generated overview

    This exceptional 1,617 square foot quick-service restaurant/restaurant property is available for $1,050,000. Located at 1756 Carter Hill Rd, Montgomery, AL 36106, this Class B, single-tenant building boasts a 100% occupancy rate with a franchisee tenant under a NNN lease. Built in 2014, the property sits on a 0.43-acre lot zoned B-2, offering multiple ingress and egress points for convenient access. Its prime location on the busy corner of Carter Hill Rd and Narrow Lane Rd provides excellent visibility and high traffic counts (approximately 11,121 AADT). The property benefits from its strategic placement within the Country Club Shopping Center, alongside national tenants such as Winn Dixie, Dollar Tree, and Subway. Its proximity to the Montgomery Country Club, Alabama State University (approximately 5,875 students and 760 employees in 2023), and Huntingdon College (approximately 1,100 graduate students and 58 employees in 2023) ensures a consistent customer base. Surrounded by affluent neighborhoods like Old Cloverdale, McGehee/Allendale, and Hillwood, this property presents a compelling investment opportunity in a thriving market. The property features a drive-thru for added convenience. The price per square foot is $649.35.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2014
    Construction WOOD
    Total area 1,617 SF
    Lot 0.43 ac (18,731 SF)
    Zoning code B-2
    APN 10-04-20-2-013-001.000
    UPID US03-0290171
    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
    • Jimmy John's Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Howard Investments LLC · 13 yrs held
    Howard Investments LLC
    since 2013
    2 recorded transactions
    2013
    $257,000
    2004
    Zoning & alternative use
    B-2 · Montgomery, AL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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