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876 N Eastern Blvd
Montgomery, AL 36117 Outer East

$2,408,000 USD

Fast Food For Sale  •  2,532 SF

Property Details

• Property Type Fast Food
• Total Building Size 2,421 SF
• Lot Size 0.86 AC
• Building Class B
• Year Built 2020
• Cap Rate 6.00 %
• Tenancy Single
• Zoning CG

10 Transit Score

30 Walk Score

Highlights

Absolute NNN Lease: The property is secured by a long-term absolute NNN lease with approximately 16 years remaining, providing passive income

Upcoming High School Development: The planned Percy Julian High School, projected to serve 2,000 students and open in Spring 2028

Strong Demographics: The asset is supported by a dense population of 154,768 residents within a five-mile radius and over 20,000 daytime employees

Limited Internal Competition: The subject property benefits from strong market positioning, with the nearest Popeyes located 8 miles away

High-Traffic Location: Situated along N Eastern Blvd with traffic counts exceeding 40,500 vehicles per day, the property benefits

Proximity to Key Demand Drivers: Located near major regional anchors including Eastdale Mall and 8 miles from Alabama State University

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Popeyes		1/21/2040

Public Transportation

Airport	Drive	Walk	Distance
Montgomery Regional (Dannelly Field)	23 min	-	17.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	32
Type:	Surface
Included in Rent:	Yes