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.
Walgreens | Strong Unit-Level Sales
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
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
Financing By
