Starbucks & Bank of Hope

For Sale

1601 Eastern Boulevard, Montgomery, AL 36117

This Montgomery property for sale is located at 1601 Eastern Boulevard. The current listed sale price for Starbucks & Bank of Hope is $2,289,233. Starbucks & Bank of Hope is situated on a lot that is 0.52 acre in size.

Contacts

Filip Hernas

Prime Net Lease

Property Details

  • Property Type Retail - Strip
  • Property Size 3,856 SF
  • Lot Size 0.52 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2015
  • Date Updated May 13, 2026
Montgomery, AL – A Historic Capital City with Strong Regional Influence Location & Regional Connectivity Montgomery, Alabama is strategically located in central Alabama, positioned along Interstate 65 and Interstate 85, providing direct connectivity to Birmingham, Mobile, Atlanta, and the Florida Panhandle. As the state capital, Montgomery serves as a key political, economic, and transportation hub for the region. Its central location places it within a few hours’ drive of multiple major Southeastern markets, making it attractive for logistics, distribution, and regional service operations. City Overview – Montgomery, AL With a population of approximately 200,000 residents and a metro population exceeding 380,000, Montgomery is one of Alabama’s largest cities. The city blends historic significance, government presence, and modern economic development, serving as the center of state government and home to numerous federal and regional agencies. Montgomery’s revitalized downtown, riverfront development, and growing mixed-use districts reflect ongoing investment in infrastructure and quality of life enhancements. Economic Drivers & Industry Montgomery’s economy is diversified across government, military, manufacturing, healthcare, education, and retail. As the state capital, public-sector employment provides stability and long-term demand. Maxwell Air Force Base and Gunter Annex are major economic anchors, supporting military operations and defense-related industries. The region also benefits from advanced manufacturing, including automotive production at the Hyundai Motor Manufacturing Alabama plant, one of the area’s largest private employers. Healthcare systems and higher education institutions further strengthen the workforce pipeline. Retail & Commercial Landscape Montgomery supports a strong retail presence, anchored by major shopping corridors such as Eastern Boulevard and Atlanta Highway, along with national retailers, regional shopping centers, and expanding service-based businesses. Continued redevelopment efforts in key corridors and mixed-use projects are enhancing commercial activity. The city’s traffic counts, government workforce, and military presence provide a consistent consumer base that supports retail, healthcare, and professional services. Education & Workforce Montgomery is home to several higher education institutions, including Auburn University at Montgomery (AUM), Alabama State University, Huntingdon College, and Faulkner University, contributing to a steady stream of educated professionals. The presence of military training facilities further strengthens workforce development and long-term population stability.
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Highlights

  • CAPITAL CITY MARKET POSITION - Located in Alabama’s capital and second-largest city, with more than 20,000 businesses employing 200,000+ people within a 20-mile radius, reinforcing sustained commercial demand.
  • DENSE RETAIL CORRIDOR - Directly across from Lowe’s, Home Depot, Harbor Freight, McDonald's, Carmax, and Crunch Fitness, and surrounded by national retailers including Walmart, Ashley Furniture, Discount Tire, Chick-fil-A, Taco Bell, Burger King, ALDI, and more.
  • ESTABLISHED FINANCIAL INSTITUTION - Bank of Hope (NASDAQ: HOPE), one of the largest Korean-American banks in the U.S., provides essential banking services and benefits from a loyal, multi-ethnic customer base.
  • HOTEL & VISITOR TRAFFIC GENERATOR - Within one mile of approximately 15 hotels, supporting over 1.5 million annual visitors to Montgomery and creating steady consumer demand.
  • INVESTMENT-GRADE COFFEE TENANT - Starbucks is a globally recognized brand with strong unit-level performance in suburban and urban markets, driving consistent daily traffic to the center.
  • LONG-TERM TENANT COMMITMENT - Both tenants have been successfully operating since 2015. Starbucks recently executed a 10-year renewal (2025) while Bank of Hope executed a 5-year renewal in 2023, demonstrating continued confidence in the location.
  • MILITARY & INDUSTRIAL ECONOMIC DRIVERS - Home to Maxwell Air Force Base (14,500+ personnel) and Hyundai’s $1.8B manufacturing facility employing 4,000+ workers, anchoring long-term economic stability.
  • PROXIMITY TO MAJOR INSTITUTIONS - Minutes from Auburn University at Montgomery (5,200 students), St. James School (800+ students), and directly behind the Museum of Fine Arts and Alabama Shakespeare Festival (500,000 annual visitors).
  • STRATEGIC INTERSTATE LOCATION - Positioned directly off Interstate 85 (112,000+ VPD) with additional frontage along Eastern Boulevard (47,000+ VPD), two of Montgomery’s most heavily traveled corridors.

Attachments

Getting around

  • 66/100

    Walk Score ®

  • 19/100

    Transit Score ®

  • 43/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Montgomery, AL
  • Neighborhood Woodmere Lakes
  • Zip Code 36117

Points of Interest

  • Petro

    0.22 miles

  • Exxon

    0.28 miles

  • RaceWay

    0.30 miles

  • Chevron

    0.36 miles

  • Sam's Club

    0.76 miles

  • Shell

    0.79 miles

  • Liberty

    1.17 miles

  • Montgomery, AL Supercharger

    3.29 miles

  • Blink

    6.78 miles

  • Lot 5

    2.49 miles

  • Lot 1

    2.59 miles

  • One Commerce Street Parking

    5.68 miles

  • Chamber of Commerce Parking

    5.69 miles

  • Golden Corral

    0.19 miles

  • Waffle House

    0.28 miles

  • Taco Bell

    0.33 miles

  • Schlotzsky's

    0.35 miles

  • Burger King

    0.38 miles

  • Baumhower's

    0.49 miles

  • KFC

    0.64 miles

  • Chick-fil-A

    0.73 miles

  • Gangnam

    0.75 miles

  • Willow Tree

    0.77 miles

  • ALDI

    0.18 miles

  • TJ Maxx

    0.77 miles

  • Eastdale Mall

    2.14 miles

  • Walmart Supercenter

    2.24 miles

  • Publix

    2.38 miles

  • Whole Foods Market

    2.58 miles

  • Winn-Dixie

    2.64 miles

  • Walmart Neighborhood Market

    2.65 miles

  • The Shoppes at Eastchase

    3.00 miles

  • Dillard's

    3.08 miles

Contact Listing Broker
Filip Hernas

Prime Net Lease

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