GROUND LEASE - I-65 & US HWY 31 (Exit 164)
10 Wasden Lane
Montgomery, AL 36105
Highlights
Description
Absolute NNN ground lease - 44,544 s.f. Landlord to deliver the site rough graded with all utilities to the site. Landlord will consider a "build to suit", 20-year lease with bumps every five years.
Located on Hwy 31 at the I-65 exit 164. The site is at the hottest interstate interchange in the entire market. The property is at the entrance to the Wadsen Road/I-65 Industrial Park, and at the exit that serves the Hyundai Motor Manufacturing Facility. In addition to the current line up of industrial users, in the past 12 months the following companies have announced expansions or investment in new facilities: Alabama State Port Authority 272 acre inland intermodal facility, Hyundai Mobis (450,000 s.f.) EV battery manufacturing plant, FedEx ($52m) expansion, Manna Capital ($600m) beverage manufacturing facility, and the Amazon ($650m) IXD facility. Combined with current employment rolls these new additions will grow the employee population to in excess of 15,000 – all within 1-2 miles of this site. The site is a can not miss for a QSR.
Documents
SVN - Brochure (L)Units for Lease
Price Per Sqft/Month: $99777.50
