Conn's Home Furnishing - 7.75% Cap - Home Depot Out Parcel

2424 Eastern Boulevard, Montgomery, AL

$5,549,225

Price

7.75%

Cap Rate

$430,065

NOI

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Street
Map
Overview
Cap Rate
7.75%
NOI
$430,065
Building Size
43,837 sqft
Lot Area
5.25 acres
Occupancy
100%
Lease Type
Double Net
Year Built
1997
Price Per Sqft
$126.59
Tenancy
Single
Description

Opportunity to acquire a freestanding Conn's Home Plus retail property in Montgomery Alabama. The property is located at 2424 Eastern Boulevard between Vaughn Rd & Woodmere Rd in a bustling retail corridor with traffic counts exceeding 47,000+ vehicle per day.

Highlights
  • Original 10 Year Lease from Conn’s Home Plus with 5.5 Years Remaining
  • Corporate Backed Lease Guaranteed by Conn's Home Plus (NASDAQ: CONN) , a Leading Retail Brand, Boasting a "Moody's B1" Credit Rating
  • NN (Double Net) Lease Structure with Landlord Responsible for Roof, Structure & CAM
  • Below Market Rent of $9.81 SF | Current Market Rent for Big Box is $13 to $14 SF
  • Strategically Located at a Busy Intersection, Shadow Anchored by Home Depot with High Traffic Counts Exceeding 47,000+ VPD
Location
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