Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a neighborhood serving strip center located at 2264 E South Boulevard in Montgomery, Alabama. This offering presents investors with an attractive 10% CAP Rate, providing immediate and stable cash low at a compelling basis ($65/SF). The property is strategically positioned with direct frontage along Highway 82 (34,000 VPD) and Woodley Road (16,000 VPD), offering exceptional visibility and accessibility to a broad consumer base. The surrounding area features a dense population of over 7,000 residents within a 1-mile radius and more than 60,000 within 3 miles, supporting consistent retail demand and long-term tenant viability. The asset is offered at a significant discount to replacement cost at approximately $65 per square foot, allowing investors to secure a well-located retail center at an attractive basis with embedded upside. Submarket fundamentals remain healthy, with year-over-year rent growth of approximately 2%, a positive indicator in an otherwise supply-constrained retail environment. In addition to strong fundamentals, the property has undergone meaningful recent capital improvements, including a newer roof still under warranty” to “including all new roofs in 2021 under a 20-year material only limited warranty and HVAC systems that are new or have been replaced within the past five years, minimizing near-term capital expenditure requirements and enhancing operational stability. Overall, this offering represents an opportunity to acquire a well-located, stabilized retail asset with strong in-place income, limited deferred maintenance, and long-term upside potential.