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Drug Store

Walgreens | Strong Unit-Level Sales

100 Fieldstown Rd, Gardendale (Birmingham MSA), AL 35071

Listing Price: $5,921,000

Cap Rate
6.35%
Tenant Name
Walgreens
Years Remaining On Lease
4.3
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Double Net
Rent Per Square Feet
$25.95

Investment Overview

Marcus & Millichap is pleased to present the Walgreens in Gardendale, AL.

Investment Highlights

  • Original Long-Term 25-Year Lease, 4+ Years Remaining
  • Strong Unit-Level Sales, Consistent Year-Over-Year Growth
  • Corporate Guaranty from Investment Grade Tenant (Rated BBB by S&P), Ranked 16th on Fortune 500
  • Leading Pharmacy Store Chain in the U.S. with 9,270+ Locations
  • Limited Landlord Responsibilities, Fee Simple Ownership
  • Serving Approximately 78,000 Residents in Growing Suburb of Birmingham
  • Gardendale is One of the Fastest Growing Towns in Jefferson County
  • Average Household Income Exceeds $88,000 within 3 Miles

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Drug Store

Walgreens | Strong Unit-Level Sales

Listing Price: $5,921,000

Cap Rate
6.35%
Tenant Name
Walgreens
Years Remaining On Lease
4.3
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Double Net
Rent Per Square Feet
$25.95

Investment Highlights

  • Original Long-Term 25-Year Lease, 4+ Years Remaining
  • Strong Unit-Level Sales, Consistent Year-Over-Year Growth
  • Corporate Guaranty from Investment Grade Tenant (Rated BBB by S&P), Ranked 16th on Fortune 500
  • Leading Pharmacy Store Chain in the U.S. with 9,270+ Locations
  • Limited Landlord Responsibilities, Fee Simple Ownership
  • Serving Approximately 78,000 Residents in Growing Suburb of Birmingham
  • Gardendale is One of the Fastest Growing Towns in Jefferson County
  • Average Household Income Exceeds $88,000 within 3 Miles

Investment Overview

Marcus & Millichap is pleased to present the Walgreens in Gardendale, AL.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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