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Beauty & Beyond

Montgomery, Alabama

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Marcus & Millichap is pleased to present the exclusive listing for a Beauty and Beyond located at 6995 Atlanta Hwy in Montgomery, AL. The site consists of roughly 11,084 rentable square feet of building space on estimated 1.24-acre parcel of land. This Beauty and Beyond is subject to a 5.25-year absolute triple-net (NNN) lease, which commenced April 1, 2019. The tenant recently exercised their a 5-Year Tenant Renewal Option, showing their commitment to the site. The Tenant will have One (1), Five (5)-Year Option remaining.

About the Investment:

  • 5-Year Absolute Triple Net (NNN) Lease
  • Approximately 2.5 Years Remaining
  • One (1), Five (5)-Year Tenant Renewal Options

About the Location:

  • Dense Retail Corridor | Walmart, Walgreens, CVS, Public, AutoZone, O’Reilly Auto Parts, Advance Auto Parts, Red Lobster, Applebee’s, McDonald’s, Arby’s, Subway, Arby’s, Wendy’s, Burger King, Starbucks, Taco Bell, Pizza Hut and Many More
  • Strong Real Estate Fundamentals | Located Approximately Two-Miles from Eastdale Mall | Over 100 Stores and Services
  • Strong Demographics | Population Exceeds 84,100 Individuals Within a Five-Mile Radius
  • Strong Traffic Counts | Over 62,200 and 52,000 Vehicles Per Day Along Eastern Boulevard and Atlanta Highway
  • Excellent Location Fundamentals | Located Approximately Eight-Miles from Downtown Montgomery
  • Strong Academic Presence | Faulkner University and Auburn University Montgomery | Both Located within a Three-Mile Radius of the Property | 2,961 and 5,212 Students Enrolled, Respectively
  • Baptist Medical Center East | 176-Bed Acute Care Hospital | Located within a Two-Mile Radius of the Property

About the Tenant/Brand:

  • Beauty & Beyond has been Providing the Finest Beauty Products to Salons, Stylists, and Patrons Since 2000
  • 6 Locations in Montgomery, AL
  • Providers of Hair Care Products and Accessories, Makeup, Jewelry, Men and Women’s Clothing, School Uniforms for Children, and More
  • Online Presence in Addition to In-Store Boutiques

Key Details

Price:
$1,655,172
Cap Rate:
7.25%
Annual Rent:
$120,000
Address:
6995 Atlanta Hwy, Montgomery, Alabama 36117
Property Type:
Net Leased Miscellaneous
Lease Type:
Triple Net (NNN)

Original Lease Term:
5.25 Years
Lease Commencement:
April 1, 2019
Lease Expiration:
July 1, 2024
Lease Term Remaining:
2.5 Years
Rental Increases:
10% Increase in Option
Lot Size:
1.24 Acres
Building Size:
11,084 SF
Tenant:
Beauty & Beyond

Broker of record

Eddie Greenhalgh

License: 000088298-0


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