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Popeye's 876 N Eastern Blvd 2,532 SF Retail Building Montgomery, AL 36117 $2,466,055 ($973.96/SF) 5.45% Cap Rate
Investment Highlights
- Absolute NNN Lease Structure - Zero Landlord Responsibilities
- Approximately a 12 minute drive to Alabama State University.
- 41,000+ Vehicles Pass Site Daily on N Eastern Blvd, a significant thoroughfare that runs through the city
- The Location Is In A Rapidly Developing Area, With Ongoing Commercial Projects, Making It A Prime Spot For Business Growth & Investment Opportunities
- Dense Demographics - 30,000+ People Reside within 3 Mile Radius of Site
- Food & Alcohol Exceeds Over $89 Million Within A 3 Mile Radius Ranked 2/7 On Consumer Spending Trailing Behind Transportation and Maintenance
Executive Summary
5.85% Cap Rate With Upcoming 7.5% Rent Increase Effective 03/28/27.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,532 SF
Building Class
B
Year Built
2019
Price
$2,466,055
Price Per SF
$973.96
Cap Rate
5.45%
NOI
$134,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.86 AC
Zoning
CG
Parking
32 Spaces (13.22 Spaces per 1,000 SF Leased)
Frontage
150’ on Eastern Blvd
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-07-36-3-000-001.001 | Improvements Assessment | $110,120 |
| Land Assessment | $71,180 | Total Assessment | $181,300 |
Property Taxes
Parcel Number
04-07-36-3-000-001.001
Land Assessment
$71,180
Improvements Assessment
$110,120
Total Assessment
$181,300
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Popeye's | 876 N Eastern Blvd
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