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Popeye's 876 N Eastern Blvd 2,532 SF Retail Building Montgomery, AL 36117 $3,506,759 CAD ($1,384.98 CAD/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Structure - Zero Landlord Responsibilities
- Approximately a 12 minute drive to Alabama State University.
- 41,000+ Vehicles Pass Site Daily on N Eastern Blvd, a significant thoroughfare that runs through the city
- The Location Is In A Rapidly Developing Area, With Ongoing Commercial Projects, Making It A Prime Spot For Business Growth & Investment Opportunities
- Dense Demographics - 30,000+ People Reside within 3 Mile Radius of Site
- Food & Alcohol Exceeds Over $89 Million Within A 3 Mile Radius Ranked 2/7 On Consumer Spending Trailing Behind Transportation and Maintenance
EXECUTIVE SUMMARY
5.75% Cap Rate With Upcoming 7.5% Rent Increase Effective 03/28/27.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,532 SF
Building Class
B
Year Built
2019
Price
$3,506,759 CAD
Price Per SF
$1,384.98 CAD
Cap Rate
5.35%
NOI
$187,612 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.86 AC
Zoning
CG
Parking
32 Spaces (13.22 Spaces per 1,000 SF Leased)
Frontage
150’ on Eastern Blvd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-07-36-3-000-001.001 | Improvements Assessment | $154,753 CAD |
| Land Assessment | $100,030 CAD | Total Assessment | $254,783 CAD |
PROPERTY TAXES
Parcel Number
04-07-36-3-000-001.001
Land Assessment
$100,030 CAD
Improvements Assessment
$154,753 CAD
Total Assessment
$254,783 CAD
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Popeye's | 876 N Eastern Blvd
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