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2906 Atlanta Highway, Montgomery, AL, 36109

Kangaroo Express
$3,065,450

Key Information

Cap Rate
6%
$ per SF
$851
Tot. SF
3,600
Lot Size
0.72 Acres
Year Built
2021
Term Remaining
± 15 Years
Type
Retail
Occupancy
100%
NOI
$183,927

Highlights

Fundamental Location, Visibility & Access

  • Newer 2021 construction
  • Direct access to a traffic signal with multiple points of ingress/egress
  • Flat topography with strong visibility in both directions along Atlanta Highway (±34,622 VPD), a 4-lane east/west thoroughfare that connects east Montgomery to downtown
  • Strong daytime population counts of ±10k (1-mi), ±100k (3-mi) & ±179k (5-mi)
  • Permanent population counts of ±9,605 (1-mi), ±100k (3-mi) & ±179k (5-mi)
  • Limited surrounding competition – only 2 other gas/c-stores within a 1-mile radius
  • Subject property is 0.6 miles from Percy Julian High School with ±1,500 students & staff

Optimal Lease Structure

  • Original 20-year base term with +15 years remaining
  • Four (4), 5-year renewal options
  • 10% rent escalations every 5 years throughout the entire lease
  • Absolute triple net (NNN) lease with NO landlord responsibilities

Photos

Location

Agents

Financing Agents

Broker of Record

Hutt Cooke

License # 000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203