1601 Eastern Blvd, Montgomery, AL 36117

Prime Net Lease is pleased to present the opportunity to acquire a Starbucks & Bank of Hope anchored retail asset located at 1601 Eastern Boulevard in Montgomery, Alabama. Constructed in 2015, the 3,856-square-foot building sits on 0.52 acres and benefits from exceptional visibility just off Interstate 85 (112,000+ vehicles per day) with additional frontage along Eastern Boulevard (47,000+ vehicles per day), two of Montgomery’s most heavily traveled corridors.

Both tenants have operated successfully at the property since its development, demonstrating strong commitment to the location. Starbucks recently executed a new 10-year lease renewal in 2025, while Bank of Hope exercised a 5-year renewal in 2023, reinforcing long-term tenancy and continued confidence in the site. Starbucks is a globally recognized coffee brand known for strong unit-level performance and consistent daily traffic generation, while Bank of Hope (NASDAQ: HOPE) is one of the largest Korean-American banks in the United States, providing essential financial services to a diverse and loyal customer base.

The property is positioned within one of Montgomery’s dominant retail corridors, directly across from Lowe’s, Home Depot, Harbor Freight, McDonald’s, CarMax, and Crunch Fitness, and surrounded by additional national retailers including Walmart, Ashley Furniture, Discount Tire, Chick-fil-A, Taco Bell, Burger King, and ALDI. Approximately 15 hotels within one mile support Montgomery’s 1.3 million annual visitors, while nearby institutions such as Auburn University at Montgomery, St. James School, and the Alabama Shakespeare Festival and Montgomery Museum of Fine Arts generate consistent local and visitor traffic.

Montgomery’s economy is anchored by major employers including Hyundai Motor Manufacturing Alabama, a $1.8 billion facility employing more than 4,200 workers and producing up to 390,000 vehicles annually, along with significant military presence from Maxwell Air Force Base and Gunter Annex, which support more than 14,500 personnel and contribute approximately $2.6 billion annually to the regional economy. As Alabama’s capital and second-largest city, Montgomery serves as a regional commercial hub with over 20,000 businesses employing more than 200,000 people within a 20-mile radius, providing a strong and diverse economic foundation that supports long-term tenant performance and investment stability.