STNL.com is pleased to present this offering in Montgomery, AL that is comprised of a newly constructed freestanding Slim Chickens. The Tenant occupies a 2,800/SF building that is ideally situated along Eastchace Parkway on a hard-corner lighted intersection with multiple access points that ensure an efficient drive-thru experience for both employees and customers. The Tenant will be ideally situated along Eastchase Parkway on a hard-corner lighted intersection with multiple access points that ensure an efficient drive-thru experience forboth employees and customers. With ample frontage and immediate proximity to 93,000+ vehicles per day that travel along Interstate 85, the Tenant is positioned to succeed. Additionally supporting the Tenant will be shoppers from the nearby Class A retail hub known as Shoppes at Eastchase which is comprised of over 1.5 million/SF of retail and 85 stores.
This property can be acquired for $3,075,000. The Tenant has a long-term triple net lease in place that offers twelve percent (12%) rental escalations every 5 years in the lease term and throughout the option periods offering the next owner of this property a long-term passive investment with scheduled yield growth.