7701 Eastchase Pkwy Montgomery, AL 36117-6877
Property Lookup
Property profile & analytics
7701 Eastchase Pkwy Montgomery, AL 36117-6877
- Retail space
- 30,077 SF
- 8.53 lot acres
Property ID
US03-2810726
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Geek Squad / Computer & Electronic Repair / Tech Support Center
- Best Buy / Electronics & Wireless Store
Property Details for 7701 Eastchase Pkwy
- Year built
- 2019
- Lot size
- 8.53 lot acres
- Property size
- 30,077 SF
- Zone code
- PUD
- Property type
- Retail space
- APN
- 09-05-16-4-000-004.000
- APU
- 905164000004000
Description
This exceptional investment opportunity presents a fee-simple ownership of a 65,000 square foot, two-tenant retail center in Montgomery, Alabama. Anchored by Best Buy and Burlington Coat Factory, both investment-grade tenants, the property boasts a 100% occupancy rate with six years remaining on their initial 10-year leases. Each tenant holds multiple five-year options to extend their lease, ensuring long-term stability and predictable income. The property features scheduled rent bumps throughout the initial lease term and at the start of each option period, providing a hedge against inflation and steadily increasing net operating income (NOI). The net lease structure minimizes landlord responsibilities, making this an ideal low-management investment. The property enjoys a prime location on Eastchase Parkway, a major retail corridor with high visibility from Interstate 85. Its strategic placement adjacent to a Costco-anchored center and across from a Target-anchored center further enhances its appeal. The center benefits from strong demographics, with a 5-mile trade area encompassing over 91,000 residents and an average household income exceeding $94,000. The property includes 312 parking spaces and sits on an 8.53-acre lot. Built in 2019, the single-story, two-building property offers a $951,111 NOI and a 6.60% cap rate, with an asking price of $14,400,000 ($216 per square foot). The property's strong tenant lineup, favorable lease terms, and prime location make it a compelling investment opportunity. The property is zoned O-2: Office Park. An interest-only loan at a fixed rate of 3.68% is assumable.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.1568
- Latitude
- 32.3626
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$135,543
$743,480
$1,455,500
$2,198,980
-
$3,717,400
$7,277,500
$10,994,900
