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3439 Lower Wetumpka Rd
Montgomery, AL 36110
Piggly Wiggly / Dollar General · Retail Property For Sale
PROPERTY FACTS
ABOUT 3439 LOWER WETUMPKA RD , MONTGOMERY, AL 36110
Subject property is a +/- 38,880-square-foot retail center located on Lower Wetumpka Road in Montgomery, Alabama. The center is occupied by two tenants, Dollar General and Piggly Wiggly. Dollar General has operated at this location for 23 years and recently extended their term through August of 2022. Prior to opening, Piggly Wiggly spent close to $1 million improving the space. They project year-end sales between $4 and 5 million (annual store sales will be available). Based on projected sales, they would operate with a rent-to-sales ratio around 2 percent. Piggly Wiggly executed a new five-year lease that increases $12,000 annually. Subject property offers investors the opportunity to park their capital into a stable high yielding asset. The property is located a mile from the Montgomery Zoo, and approximately one-and-one-half miles away from Gunter Maxwell Air Force Base and Alabama National Guard.
PROPERTY TAXES
| Parcel Number | 04-09-29-3-007-012.000 | Improvements Assessment | $252,640 |
| Land Assessment | $27,860 | Total Assessment | $280,500 |
PROPERTY TAXES
