2715 Taylor Rd Montgomery, AL 36117-6849

Property Details for 2715 Taylor Rd

Year built

2004

Lot size

1.19 lot acres

Property size

3,056 SF

Zone code

B-3

Property type

Drive through restaurants

APN

09-09-29-1-000-002.006

APU

909291000002006

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Hardee's/Carl's Jr. restaurant in Montgomery, Alabama. The property boasts a 3,056 square foot building on a 1.11-acre lot, constructed in 2004. The current lease, commenced August 29, 2008, has a remaining term of approximately 4.1 years, with a lease expiration date of December 31, 2028. The lease includes four to five-year renewal options and features a 10% rent increase every five years during the base term. The property's strong location in a high-density retail corridor, near Interstate 85 and numerous national brands such as Starbucks, Publix, and McDonald's, ensures high visibility and consistent traffic. Recent development of a Walmart and new shopping center adjacent to the property further enhances its value and potential for increased foot traffic. The asking price is $1,872,579, representing a compelling 7.25% cap rate and a price per square foot of $612.75. The property benefits from favorable demographics, with approximately 103,019 people within a 5-mile radius and an average annual household income exceeding $103,000 within a 1-mile radius. This is a passive income investment with the tenant responsible for all expenses. The property's strong tenant, Carl's Jr./Hardee's, a major national QSR brand, provides stability and long-term growth potential.

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Longitude

-86.1786

Latitude

32.3403

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments