Walmart Neighborhood Market in Montgomery, Alabama

  • $3,555,555
Walmart Neighborhood Market, 8035, Vaughn Road, Timberlane, Montgomery, Montgomery County, Alabama, 36116, United States of America

Walmart Neighborhood Market in Montgomery, Alabama

Walmart Neighborhood Market, 8035, Vaughn Road, Timberlane, Montgomery, Montgomery County, Alabama, 36116, United States of America
  • $3,555,555

Overview

Property ID: 18522
  • Property Type
  • Retail Properties
  • 42
  • sqft

Description

Located at 8035 Vaughn Road, Montgomery, Alabama, this low rent, low price point Walmart Neighborhood Market is available for sale on Ground Lease. Situated next to the Alabama River on a coastal plain of the Gulf of Mexico, Montgomery is the capital of Alabama and a thriving city. It is the second-most populous city in Alabama, with an overall population of more than 250,000 residents. It is also a destination known for its culture and arts. This Walmart Neighborhood Market is a new construction (2016) and includes a 42,311 sq.ft building that sits on a massive 5.85-acre parcel of land. The current lease of 20 years has more than 17 years remaining on the base term. It includes a rent hike of 5% at every option, with sixteen options to extend for five years each. The subject property is located just off I-85, which is a prime location, and see a traffic count of more than 85,000 vehicles per day. The intersection of Vaughn Road and Taylor Road is also nearby, which sees a traffic count of more than 75,000 cars every day. Maxwell Air Force Base that has over 25,000 people, Hyundai’s $1.8 Billion Manufacturing Center with more than 3,100 employees, and Auburn University with a student count of more than 5,000 are also located in proximity to this property.

This investment property is suitable for a 1031 exchange.

Property Details – 

  • Property Type – Retail Property
  • Property Status – Available
  • Location – Walmart Neighborhood Market, 8035, Vaughn Road, Timberlane, Montgomery, Montgomery County, Alabama, 36116, USA
  • Year of Construction – 2016
  • Lease Type – Ground Net Lease
  • Lease Expiration – 17 years 0 month
  • Property Size – 42311 sq.ft.

Details

Updated on April 27, 2020 at 12:33 pm
  • Price: $3,555,555
  • Property Size: 42 sqft
  • Property Type: Retail Properties
  • Property Status: Available
  • Cap Rate: 4.50%
  • Lease Expiration: 0 months
  • NOI: $160,000
  • Tenant: Walmart
  • Address Walmart Neighborhood Market, 8035, Vaughn Road, Timberlane, Montgomery, Montgomery County, Alabama, 36116, United States of America
  • City Montgomery
  • State/county Montgomery County
  • Zip/Postal Code 36116

Contact Information

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Ronnie Issenberg
  • Ronnie Issenberg

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