Shopping Strip
Alfa Insurance Building
3453 McGehee Rd, Montgomery, AL 36111
Listing Price: $535,000
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
Listing Price: $535,000
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
