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3439 Lower Wetumpka Rd
Montgomery, AL 36110
Piggly Wiggly/Dollar General Retail Center · Retail Property For Sale
PROPERTY FACTS
ABOUT 3439 LOWER WETUMPKA RD , MONTGOMERY, AL 36110
CBRE’s Investment Group, along with RealINSIGHT Marketplace, is proud to offer the Piggly Wiggly & Dollar General strip center (the Property). The property is a +/- 38,880-square-foot retail center located on Lower Wetumpka Road in Montgomery, Alabama. The center is occupied by 2 tenants, Dollar General and Piggly Wiggly. Dollar General has operated at this location for 23 years and recently extended their term through August 2022. Prior to opening, Piggly Wiggly spent close to $300,000 in space tenant improvements. 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%. Piggly Wiggly executed a new 5-year lease that increases $12,000 annually. The property offers the chance to purchase a value-add high-yielding asset. The property is located 1 mile from the Montgomery Zoo, and approximately 1.5 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
