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Shopping Strip

Alfa Insurance Building

3453 McGehee Rd, Montgomery, AL 36111

Listing Price: $535,000

Cap Rate
9.00%
Gross SF
6,000
Rentable SF
6,000
Price/Gross SF
$89.17
Lot Size
0.63 acres
Year Built
1988

Investment Overview

The Alfa Insurance Building is a 6,000 SF outparcel located in McGehee Place Shopping Center in Montgomery, AL. The center is anchored by Bishop Warehouse Furniture Store and includes a Dollar General and several local retailers, services, restaurants and bars. Alfa Insurance currently leases 66.6 percent of the property and has been there since 2005. The additional vacant bay offers upside through leasing 2,000 contiguous square feet. This vacant bay is built out as office and could be quickly adapted for a new tenant. The property is located less than 11 miles from Montgomery Regional-Dannelly Field Airport. Montgomery is the capital city of the State of Alabama and the county seat of Montgomery County. It is the third most populous city in Alabama with an estimated 200,603 people.

Investment Highlights

  • Three Years of Lease Term Remaining with Alfa Offers a Stable Base of Income
  • Significant Upside Possible Through Leasing Vacant Office Space
  • High Visibility Location with High Traffic Count

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Shopping Strip

Alfa Insurance Building

Listing Price: $535,000

Cap Rate
9.00%
Gross SF
6,000
Rentable SF
6,000
Price/Gross SF
$89.17
Lot Size
0.63 acres
Year Built
1988

Investment Highlights

  • Three Years of Lease Term Remaining with Alfa Offers a Stable Base of Income
  • Significant Upside Possible Through Leasing Vacant Office Space
  • High Visibility Location with High Traffic Count

Investment Overview

The Alfa Insurance Building is a 6,000 SF outparcel located in McGehee Place Shopping Center in Montgomery, AL. The center is anchored by Bishop Warehouse Furniture Store and includes a Dollar General and several local retailers, services, restaurants and bars. Alfa Insurance currently leases 66.6 percent of the property and has been there since 2005. The additional vacant bay offers upside through leasing 2,000 contiguous square feet. This vacant bay is built out as office and could be quickly adapted for a new tenant. The property is located less than 11 miles from Montgomery Regional-Dannelly Field Airport. Montgomery is the capital city of the State of Alabama and the county seat of Montgomery County. It is the third most populous city in Alabama with an estimated 200,603 people.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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