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2730 Eastern Blvd
Montgomery, AL 36106
Montgomery Promenade · Retail Property For Sale
EXECUTIVE SUMMARY
Prime investment opportunity. Montgomery Promenade has multiple new leases in place with national credit tenants. There is still opportunity for upside with +/- 11,000 SF of shop space left to lease. Includes one outparcel building that could be separated and sold individually. New tenants include 15 year Floor & Decor and new 10 year Boot Barn. Neighboring parcel has just been leased to Chipotle. Great investment opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
43,000 SF
Building Class
C
Year Built
1990
Price
$17,393,535
Price Per SF
$404.50
Cap Rate
7.75%
NOI
$1,347,999
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.05
Lot Size
20.12 AC
Zoning
Commercial - Commercial
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Monument Signage
PROPERTY TAXES
| Parcel Number | 10-06-23-4-007-001.005 | Improvements Assessment | $854,000 |
| Land Assessment | $148,100 | Total Assessment | $1,002,100 |
PROPERTY TAXES
Parcel Number
10-06-23-4-007-001.005
Land Assessment
$148,100
Improvements Assessment
$854,000
Total Assessment
$1,002,100
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