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River Region Vision Source - Montgomery, AL 2020 Normandie Dr 13,542 SF Office Building Montgomery, AL 36111 $1,629,092 CAD ($120.30 CAD/SF) 9% Cap Rate
Investment Highlights
- Located in Alabama’s capital city and supported by major healthcare anchors including Baptist Health and Jackson Hospital.
- Strategically located along Normandie Drive, surrounded by medical offices, specialty clinics, and established healthcare users.
- The practice delivers comprehensive, medically driven eye care, combining advanced diagnostic services and specialized treatment programs.
- The property benefits from surrounding residential neighborhoods and strong daytime traffic patterns, supporting consistent patient volume.
- The tenant has operated successfully for 14 years and maintains three locations across Alabama.
- The lease features 2% annual rent escalations, providing predictable income growth.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 13,542 SF River Region Vision Source property located at 2020 Normandie Drive in Montgomery, AL. The property benefits from surrounding residential neighborhoods and strong daytime traffic patterns, supporting consistent patient volume. The lease permits optometry use and allows subleasing to other medical and professional office tenants, providing enhanced future flexibility, along with 2% annual rent escalations that support steady income growth.
BoR: Andrew Ackerman - Lic. AL #1089690
BoR: Andrew Ackerman - Lic. AL #1089690
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
13,542 SF
Building Class
C
Year Built
1972
Price
$1,629,092 CAD
Price Per SF
$120.30 CAD
Cap Rate
9%
NOI
$146,619 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,771 SF
Building FAR
0.51
Lot Size
0.61 AC
Zoning
O-1 - Commercial
Parking
43 Spaces (3.18 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- River Region Vision Source
- Services
- 13,542 SF
- $12.19 CAD
- Modified Gross
- Jan 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| River Region Vision Source | Services | 13,542 SF | $12.19 CAD | Modified Gross | Jan 2029 |
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Property Taxes
| Parcel Number | 10-09-32-1-001-009.000 | Improvements Assessment | $137,994 CAD |
| Land Assessment | $25,335 CAD | Total Assessment | $163,330 CAD |
Property Taxes
Parcel Number
10-09-32-1-001-009.000
Land Assessment
$25,335 CAD
Improvements Assessment
$137,994 CAD
Total Assessment
$163,330 CAD
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River Region Vision Source - Montgomery, AL | 2020 Normandie Dr
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