River Region Vision Source – Montgomery, AL

River Region Vision Source
2020 Normandie Dr, Montgomery, AL 36111, USA

Sands Investment Group is pleased to exclusively offer for sale the 13,542 SF River Region Vision Source Modified Gross located at 2020 Normandie Drive in Montgomery, AL. The property benefits from surrounding residential neighborhoods and strong daytime traffic patterns, supporting consistent patient volume. The lease permits optometry use and allows subleasing to other medical and professional office tenants, providing enhanced future flexibility, along with 2% annual rent escalations that support steady income growth.

  • Located in Alabama’s capital city and supported by major healthcare anchors including Baptist Health and Jackson Hospital, driving sustained demand for medical office and outpatient services.
  • The property benefits from surrounding residential neighborhoods and strong daytime traffic patterns, supporting consistent patient volume.
  • Strategically located along Normandie Drive, surrounded by medical offices, specialty clinics, and established healthcare users.
  • The tenant has operated successfully for 14 years and maintains three locations across Alabama.
  • The practice delivers comprehensive, medically driven eye care, combining advanced diagnostic services, specialized treatment programs, and long-term vision management for both routine and complex patient needs.
  • The lease features 2% annual rent escalations, providing predictable income growth.
  • Priced below replacement cost and well below market rents. The current tenant is paying $8.94/SF gross in a market where medical rents range from $19–$26/SF gross, offering a strong value-add upside.

 

BoR: Andrew Ackerman – Lic. AL #1089690

 

River Region Vision Source
2020 Normandie Dr, Montgomery, AL 36111, USA

River Region Vision Source

River Region Vision Source is a comprehensive eye care provider serving communities in and around Montgomery, AL. The practice focuses on personalized vision care for patients of all ages, offering services such as comprehensive eye examinations, pediatric eye care, emergency eye exams, dry eye treatment, advanced myopia control, and specialized Neurolenses for eye misalignment. In addition to diagnostic services, River Region Vision Source provides quality lenses, contact lenses and a curated selection of eyeglass frames. The clinic emphasizes modern diagnostic technology and individualized attention to help patients maintain healthy vision and address eye health conditions. With multiple locations throughout the region, River Region Vision Source combines trusted optometric care with local presence, making it a key vision care provider for residents of Central Alabama.

 

Price

$1,194,717

Cap Rate

9.00%

PREMISES

13,542 SF

RENEWAL OPTIONS

Year-to-Year

Lease Expiration

01/31/2029

Lease Type

Modified Gross

RENTAL INCREASES

2% Annually

BROKERS

Cole Koepsell
Charleston

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