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2796 Eastern Blvd
Montgomery, AL 36117
Retail Property For Sale
Investment Highlights
- Corporate-backed Arby’s with an Absolute NNN lease, providing passive income with no landlord responsibilities.
- Lease includes 7% rental increases every 5 years, offering predictable income growth.
- Prime location at the signalized intersection of Eastern Boulevard & Vaughn Road, one of Montgomery’s busiest retail corridors.
- Tenant in place since 1994 with multiple lease extensions, demonstrating long-term stability and commitment.
- Renovated in 2021
- Excellent visibility and accessibility from both major roads, ensuring strong consumer exposure.
Executive Summary
Introducing a rare investment opportunity in the heart of Montgomery, AL! This 3,294 SF retail property boasts a prime location at the signalized intersection of Eastern Blvd & Vaughn Road. With a proven long-term tenant in place since 1994, this building offers 100% occupancy and exceptional stability. The property's drive-thru equipped restaurant, B-3 zoning, and high visibility make it an ideal choice for retail or restaurant investors. Situated on approximately 0.92 acres, this site enjoys strong regional connectivity just 0.7 miles from I-85 access. Don't miss out on this high-traffic, corporate-backed investment with multiple lease extensions and rental increases every 5 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,070 SF
Building Class
C
Year Built
1995
Price
$2,872,128 CAD
Price Per SF
$935.55 CAD
Cap Rate
5.67%
NOI
$162,850 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.92 AC
Zoning
B-3
Parking
64 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
98’ on Eastern Blvd
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 10-07-26-1-002-001.000 | Improvements Assessment | $147,463 CAD |
| Land Assessment | $152,360 CAD | Total Assessment | $299,823 CAD |
Property Taxes
Parcel Number
10-07-26-1-002-001.000
Land Assessment
$152,360 CAD
Improvements Assessment
$147,463 CAD
Total Assessment
$299,823 CAD
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