$2,408,000 USD
615-521-6955
876 N Eastern Blvd
Montgomery, AL 36117
Outer East
HIGHLIGHTS
- Absolute NNN Lease: The property is secured by a long-term absolute NNN lease with approximately 16 years remaining, providing passive income
- Upcoming High School Development: The planned Percy Julian High School, projected to serve 2,000 students and open in Spring 2028
- Strong Demographics: The asset is supported by a dense population of 154,768 residents within a five-mile radius and over 20,000 daytime employees
- Limited Internal Competition: The subject property benefits from strong market positioning, with the nearest Popeyes located 8 miles away
- High-Traffic Location: Situated along N Eastern Blvd with traffic counts exceeding 40,500 vehicles per day, the property benefits
- Proximity to Key Demand Drivers: Located near major regional anchors including Eastdale Mall and 8 miles from Alabama State University
FOR SALE DETAILS
PRICE
$2,408,000 USD
PRICE/SF
$951 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Popeye's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
32
LAND DETAILS
LAND ACRES
0.86 AC
LAND SF
37,462 SF
ZONING
CG
APN/PARCEL ID
04-07-36-3-000-001.001
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615-521-6955
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615-521-6955
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