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Billingsley Promenade 3441 Malcolm Dr
3,443 SF of Retail Space Available in Montgomery, AL 36116
Highlights
- Newer Property built in 2008!
- Plenty of Parking !
- 3,443 Open End Space can be divided into a 1,382 sF suite and the other into a 2,061 SF suite.
- Fastest Growing area in Mongomery!
- Great mix of Tenants
- 2 miles from Interstate 85 !
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 111 & 112 | 3,443 SF | 10’ - 15’ | Negotiable | $14.00 /SF/YR $1.17 /SF/MO $48,202 /YR $4,017 /MO | Triple Net (NNN) |
3441 Malcolm Dr - 1st Floor - Ste 111 & 112
Nice open floor space, was a physical therapy space, also retail mattress retail space. Best area in Montgomery
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air Conditioning
- Corner Space
- Finished Ceilings: 10’ - 15’
- Busy Center, great traffic
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Billingsley Promenade
- Tenant
- Description
- US Locations
- Reach
- Mathnasium
- -
- -
- -
- Mom's Touch Restaurant
- Retailer
- -
- -
- Tipico De Mexico
- -
- -
- -
| Tenant | Description | US Locations | Reach |
| Mathnasium | - | - | - |
| Mom's Touch Restaurant | Retailer | - | - |
| Tipico De Mexico | - | - | - |
PROPERTY FACTS FOR 3441 Malcolm Dr , Montgomery, AL 36116
| Center Type | Strip Center | Gross Leasable Area | 18,720 SF |
| Parking | 119 Spaces | Total Land Area | 2.07 AC |
| Center Properties | 1 | Year Built | 2008 |
| Frontage | 140’ on Taylor Road/Vaughn Rd | Cross Streets | Vaughn Rd |
| Center Type | Strip Center |
| Parking | 119 Spaces |
| Center Properties | 1 |
| Frontage | 140’ on Taylor Road/Vaughn Rd |
| Gross Leasable Area | 18,720 SF |
| Total Land Area | 2.07 AC |
| Year Built | 2008 |
| Cross Streets | Vaughn Rd |
About the Property
3,443 S.F. open space, ready for immediate operation! An 18,200 Sq. Ft. newer well-constructed center nothing but first-class materials used. Excellent access and visibility on a prime route in the high growth/ high income area of East Montgomery, Al. Great mix of Tenants with strong customer base. Also, a 3,443 SF open space can be divided into a 1,382 SF suite and the other would be a 2,061 SF suite. 46,563 residents with average HH income exceeding $80,000 within 3 miles, and a forecast 10.77% growth rate over the next 5 years. Large new elementary and high schools have been added in that two years to accommodate East Montgomery growth. Just off Taylor Road at Averiett Dr. just south of Vaughn Road intersection just over 2 miles to Interstate 85.
Nearby Major Retailers
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Billingsley Promenade | 3441 Malcolm Dr
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