Skip to main content

Drug Store

ABSOLUTE NNN WALGREENS 11 YRS

7155 US-431, Albertville, AL 35950

Listing Price: $7,064,220

Cap Rate
5.45%
Tenant Name
Walgreens
Years Remaining On Lease
10.9
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$25.98

Investment Overview

Subject is a Prime 14,820 Square-Foot Walgreens on a Highly Visible 1.97 Acre Lot with Exceptional Ingress/Egress, Drive-Thru and Ample Parking. Features Absolute NNN Lease with a 75-Year Base Term and Zero Landlord Responsibility | Eleven Years Remaining Until Option

Investment Highlights

  • Well Established Retail Corridor | Nearby National Retailers Include: McDonald's, AutoZone, O'Reilly Auto Parts, Dollar General, Hobby Lobby, Taco Bell, Dunkin', T.J. Maxx, and Many Others
  • Affluent Bedroom Community in Huntsville MSA with an Average Household Income of Over $59K within Five Miles of the Subject Asset, as of 2020
  • Robust Traffic Counts on US-431 (34,320 Vehicles Per Day) and AL-75 (14,470 Vehicles Per Day), the Busiest Intersection in the County (Source: City of Albertville, 2018)
  • Subject is 52 Miles from Huntsville International Airport, Serving Over 700K Passengers Annually (Source: Bureau of Transportation Statistics)
  • Parks and Outdoor Recreational Facilities Nearby Include: US Space & Rocket Center, Sand Mountain Park & Amphitheater, Lake Guntersville, Gunter's Landing, and Eagle's Nest Golf Course

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Drug Store

ABSOLUTE NNN WALGREENS 11 YRS

Listing Price: $7,064,220

Cap Rate
5.45%
Tenant Name
Walgreens
Years Remaining On Lease
10.9
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$25.98

Investment Highlights

  • Well Established Retail Corridor | Nearby National Retailers Include: McDonald's, AutoZone, O'Reilly Auto Parts, Dollar General, Hobby Lobby, Taco Bell, Dunkin', T.J. Maxx, and Many Others
  • Affluent Bedroom Community in Huntsville MSA with an Average Household Income of Over $59K within Five Miles of the Subject Asset, as of 2020
  • Robust Traffic Counts on US-431 (34,320 Vehicles Per Day) and AL-75 (14,470 Vehicles Per Day), the Busiest Intersection in the County (Source: City of Albertville, 2018)
  • Subject is 52 Miles from Huntsville International Airport, Serving Over 700K Passengers Annually (Source: Bureau of Transportation Statistics)
  • Parks and Outdoor Recreational Facilities Nearby Include: US Space & Rocket Center, Sand Mountain Park & Amphitheater, Lake Guntersville, Gunter's Landing, and Eagle's Nest Golf Course

Investment Overview

Subject is a Prime 14,820 Square-Foot Walgreens on a Highly Visible 1.97 Acre Lot with Exceptional Ingress/Egress, Drive-Thru and Ample Parking. Features Absolute NNN Lease with a 75-Year Base Term and Zero Landlord Responsibility | Eleven Years Remaining Until Option

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

MM Texture Background
MM Textured Background Lower