$2,995,000 - Billingsley Promenade
3441 Malcolm Dr & Vaughn Rd, Montgomery, AL 36116
Highlights
Beautiful Landscaped and built with quality in mind.
Strong Growth & Household Income
Most Leases have Personal Guarantees
Actual 9.13% cap rate with 94% occupied
Plenty of Parking
Sale Notes
Investment Highlights* In East Montgomery in the high growth/high income area
*$95,900 household income*
*Attractive well-built center nicely landscaped*
Good mix of long term tenants*
NOI of $273,568 with still more upside available*
Consistent income with low maintenance Investment
Attractive value added Commercial Real Estate Opportunity
Property Notes
Billingsley Promenade is off Taylor Road in East Montgomery, Alabama. It is an exclusive area with high growth/ high income area; $95,000 household income. An attractive center were only the best construction materials were used. Billingsley Promenade has 18,720 SF center that is 94% occupied. With presently a 9.13% cap it is definitely a value add center. Montgomery is the state capital and home to 373,000 residents, as well as home to established regional companies and universities. With a Proximity to Large Employers it enjoys good daytime traffic. The 12,500 person Maxwell-Gunter Air Force Base and 9,500 employees of the state of Alabama provide an additional traffic base.
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