• An Award Winning Net Lease & Retail Commercial Real Estate Group

Walmart Neighborhood Market in Montgomery, Alabama

8035 VAUGHN ROAD, MONTGOMERY, ALABAMA, 36116
$3,555,555

Description

Marcus & Millichap is pleased to present for sale this low rent, low price point WalMart Neighborhood Market Ground Lease located at 8035 Vaughn Road in Montgomery, Alabama.

Montgomery, the capital of Alabama, is a thriving city next to the Alabama River on a coastal plain of the Gulf of Mexico. Its population of over 250,000 makes it the second most populous city in Alabama and a popular destination where culture and arts abound.

This Walmart Neighborhood Market is comprised of a 42,311 square foot building on a large 5.85 Acre parcel of land and is newly constructed as of 2016. The lease is 20 Years with more than 17 Years remaining on the base term and sixteen options to extend for five years each and a 5% increase at every option.

This property is a Prime location just off I-85 with traffic in excess of 85,000 cars each day. The nearby intersection of Vaughn Road and Taylor Road has traffic counts that exceed 75,000 cars per day. This property is also located in close proximity to the property is Maxwell Air Force Base with over 25,000 people, Hyundai’s $1.8 Billion Manufacturing Center which employs over 3,100 people and Auburn University with a population of over 5,000 students.

  • Rare Low Rent WalMart Neighborhood Market Ground Lease with more than 17 Years Remaining on the Base Term of the Lease
  • Absolute NNN Lease – No Landlord Responsibilities
  • Large 42,311 Square Foot Building on 5.85 Acres; Excellent Intrinsic Value
  • Affluent Demographics: Average Household Income in a One Mile Radius Exceeds $120,000
  • Less than 3 Miles from Auburn University (5,000+ Students)
  • Close Proximity to Hyundai’s $1.8 Billion Manufacturing Facility with 3,100 Employee

Property Documents

  • City: Montgomery
  • State/county: Alabama
  • Zip/Postal Code: 36116
  • Country: United States

Detail

  • Price: $3,555,555

Additional details

  • CAP Rate: 4.50%
  • NOI: $160,000

Features