9035 Eastchase Pkwy - Freestanding FOR SALE


Montgomery, AL 36117- Outer East
$3,075,000 USD
689-666-9560
9035 Eastchase Pkwy, Montgomery, AL for Sale
$3,075,000 USD
Freestanding - FOR SALE
1/5
null | 6.51% Cap Rate

9035 Eastchase Pkwy
Montgomery, AL 36117
Outer East


HIGHLIGHTS

  • INTERSTATE ACCESS : Subject property is located 0.2 miles from Interstate 85 which brings 93,000 vehicles per day.
  • RETAIL HUB : This parcel is a stone’s throw from over 1.5M/SF of retail including Target, Walmart, Kohl’s and more.
  • MAILBOX MONEY: A new NNN lease in place with rental increases and 2024 construction makes for an attractive, passive investment.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,075,000 USD

PRICE/SF

$1,098 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Slim Chickens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

B-2

APN/PARCEL ID

09-05-15-4-002-004.007

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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Mark ThompsonSTNL.comMore Info
689-666-9560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.