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21796861
21796862

2020 E South Blvd, Montgomery, AL 36116

JM
AL AL051657-0
SVN | JJMottram
JH
MS MS 23573
Duckworth Realty, Inc.
Listed by SVN | JJMottram, Duckworth Realty, Inc.
$3,300,000
487 days on market
Updated 10 days ago

2020 East South Blvd.

Details
APN 1009321006004.000
Property Type Retail
Sub Type Grocery Store
Square Footage 57,700
Units 2
Cap Rate 8.22%
NOI $271,347
Occupancy 100%
Tenancy Multi
Brand/Tenant Fresenius Kidney Care
Lease Type NNN
Lease Term 5
Lease Expiration 10/31/2027
Remaining Term 1.4
Rent Bumps Yes
Lease Options 3 - 5yr
Price per SqFt $57
Broker Co-Op Yes
Class B
Year Built 1982
Year Renovated 2014 / 2021
Buildings 1
Acreage 3.913
Zoning B-2
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/24/2022
Ground Lease No
Ownership Fee Simple

Retail | 8.22% CAP | 57,700 SF

Marketing description

PROPERTY DESCRIPTION

Presenting a prime investment opportunity in Montgomery, AL! This 57,700 SF building, renovated in 2014 with new RTU's for the Grocery tenant and a new roof, and further updates in 2021, now includes Fresenius as a tenant with new RTU's. The center boasts a strong grocery tenant with minimal competition, while Fresenius benefits from the proximity to the Baptist Hospital campus. With 100% occupancy and a strategic location in the Montgomery MSA area, this property offers a solid history and immediate returns for retail/strip center investors. Don't miss out on securing a valuable asset in a sought-after market.

Investment highlights

  • Recently renovated in 2021, including new RTU's for modern HVAC systems at Fresenius.

  • New roof installed in 2014.

  • 100% occupancy ensures immediate returns.

  • High Traffic

Listing Contacts

JM
AL AL051657-0
SVN | JJMottram
JH
MS MS 23573
Duckworth Realty, Inc.
Listed by SVN | JJMottram, Duckworth Realty, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$271,347.00
$22,612.25/mo

Valuation Metrics

0
DSCR
8.22%
Cap Rate
8.22%
ROI

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Additional Information

Name
John Mottram
License
AL051657-0
Brokerage Phone
3342015002
Brokerage Address
7956 Vaughn Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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