Montgomery Convenience Store Property Sells for $3 Million
What happened
The Boulder Group completed the sale of a single tenant net leased convenience store property leased to Kangaroo Express in Montgomery, Alabama, for $3,000,000. The property is located at 2906 Atlanta Highway, which carries approximately 34,000 vehicles per day.
From floydct.com
Why it matters
The transaction occurred within the Montgomery metropolitan statistical area, which has a population of approximately 387,900. The median household income in the city of Montgomery is approximately $56,811.
From floydct.com
Who's involved
- AlabamaThe state where the property sale took place.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AlabamaSpeculative
Commercial real estate investment demand in the Montgomery metropolitan statistical area might be influenced by the sale.
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The entities involved
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Alabama State University
public university in Montgomery, Alabama, United States
Nothing else this week.
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Auburn University
public university in Auburn, Alabama, United States
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Alabama
state of the United States of America