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Kangaroo Express 2906 Atlanta Hwy 2,645 SF 100% Leased Retail Building Montgomery, AL 36109 $3,065,450 ($1,158.96/SF) 6% Cap Rate
Investment Highlights
- Newer 2021 construction with modern infrastructure
- ±15 years remaining on absolute NNN lease
- 200+ unit operator with 30+ year operating history
- Signalized intersection with ±34,622 VPD on Atlanta Highway
- 10% rent escalations every 5 years throughout lease
- 100% bonus depreciation eligible for immediate tax benefits
Executive Summary
Broker Of Record
Hutt Cooke
Matthews Real Estate Investment Services, Inc
000168807-0, 000110253 - 0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Hutt Cooke
Matthews Real Estate Investment Services, Inc
000168807-0, 000110253 - 0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,645 SF
Building Class
C
Year Built
1957
Price
$3,065,450
Price Per SF
$1,158.96
Cap Rate
6%
NOI
$183,927
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.71 AC
Zoning
B-2
Parking
25 Spaces (9.45 Spaces per 1,000 SF Leased)
Frontage
195’ on Atlanta Hwy
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-02-09-2-016-002.000 | Improvements Assessment | $136,660 |
| Land Assessment | $31,200 | Total Assessment | $167,860 |
Property Taxes
Parcel Number
10-02-09-2-016-002.000
Land Assessment
$31,200
Improvements Assessment
$136,660
Total Assessment
$167,860
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Kangaroo Express | 2906 Atlanta Hwy
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