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3801 Eastern Boulevard - Montgomery Commons, Montgomery, AL

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DetailMap
3801 Eastern Boulevard - Montgomery Commons

Montgomery, AL 36116-7311 - North Montgomery Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1999
Building Size:95,300 SF Land Area:9.28 AC (404,337 SF)
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:1,200 SF Largest Space:30,000 SF Total Space Avail:34,400 SF Rent/SF/Yr:
Negotiable
Parking:Free Surface spaces are available; Ratio of 1.52/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
15,000 SF-30,000 SF
Negotiable
Vacant
Negotiable
Retail
 1st
1,200 SF-3,200 SF
Negotiable
Vacant
Negotiable
Retail
 1st
1,200 SF
Negotiable
Vacant
Negotiable
Retail
 
9981987
9982003
10094893
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
15,000 SF-30,000 SF
Negotiable
Vacant
Negotiable
Retail
1st
1,200 SF-3,200 SF
Negotiable
Vacant
Negotiable
Retail
1st
1,200 SF
Negotiable
Vacant
Negotiable
Retail
95,300 square foot shopping center. Anchored by Walmart Supercenter (shadow anchor). Population exceeds 141,200 in a five-mile radius. Median household income exceeds $43,900 in a five-mile radius. Traffic counts for over 42,000 cars per day. 30,000 SF Anchor space for Lease; can subdivide. Near Montgomery Mall planning major redevelopment.

Tax ID: 20-4928856

Sale Notes:
Investment Highlights:Walmart shadow-anchored retail centerTremendous value-add opportunity given the current occupancy of 63%Signalized access along Eastern BoulevardThe center is surrounded by a densely populated residential areaRecent Capital improvements include an entire roof was replacement, restriping/resealing of the parking lot and repainting of the entire buildingInvestment Overview:Montgomery Commons, the Property, is a 95,300 SF Walmart shadow-anchored shopping center located in Montgomery, Alabama. Montgomery Commons presents an investor the opportunity to purchase a Walmart-shadow anchored center with realistic value-add potential.Built in 1999 on a 9.51 acre parcel, the Property consists of one single-story building that is currently divided into eleven suites with sizes varying between 1,200 SF and 30,000 SF. Three of these suites are currently vacant. Montgomery Commons is currently 63% occupied with a mix of uses including: a 24,000 2A Fitness Gym, nail salon, hair salon and cell phone retailer among others. Several of the tenants have recently renewed and the three vacancies offer a tremendous value-add lease up opportunity.The Property benefits

Several of the tenants have recently renewed and the three vacancies offer a tremendous value-add lease up opportunity.The Property benefits from multiple points of ingress/egress with the main entrance being at a traffic signal along heavily traveled Eastern Boulevard. With its centralized location, the Property is within a 5-mile radius of 140,000 Montgomery residents. Many of these residents are located in the residential complexes adjacent to the shopping center. This value-add opportunity is well suited for the entrepreneurial investor who is interested in purchasing a retail center with in-place income and significant upside through lease-up within the Montgomery, AL MSA.


Crossman & Company
Brian Carolan
(407) 581-6242

  
Ten-X, LLC
Tina Mahoney
(949) 859-2777


Real Estate Southeast, LLC
Louise Jennings
(866) 283-5516

Christy Chason
(866) 283-5516



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