Drug Store
Walgreens
2307 Center Point Pkwy, Birmingham, AL 35215
Listing Price: $4,234,482
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 13,905-square-foot single tenant pharmacy (the Property) in Birmingham, AL, in which Walgreens has over five years remaining on their absolute triple net lease. The tenant has operated at this location since its construction in 1998 and previously extended their long-term lease, showing strong commitment to the site. The lease features eight 5-year renewal options.
The Property is strategically located on one of northeast Birmingham’s busy retail corridors at the signalized intersection of Center Point Parkway/Alabama State Highway 75 and 23rd Avenue, with visibility to over 29,700 vehicles per day. Neighboring retail tenants include Regions Bank, City Gear, DaVita Center Point Dialysis, Krystal, Papa John’s, Firestone Complete Auto Care, Waffle House, Walmart Neighborhood Market and numerous others. Additionally, the property is within two miles of Jefferson State Community College and connected to the college and downtown Birmingham by the local MAX bus service.
Walgreens
Investment Highlights
- Over Five Years Remaining on Absolute NNN Lease — Zero Landlord Responsibilities
- Long-Term Occupancy — Tenant Has Operated at Site for Over 24 Years
- Previously Extended Lease With Eight 5-Year Renewal Options Remaining
- Located Just 13.6 Miles Northeast of Downtown Birmingham, in the Heart of Alabama's Most Populous Metro Area
- Prime Retail Location on Hard Corner of Center Point Parkway and 23rd Avenue — Regions Bank, DaVita Dialysis, Krystal, Waffle House, Walmart and More
Broker of Record
Listing Price: $4,234,482
Investment Highlights
- Over Five Years Remaining on Absolute NNN Lease — Zero Landlord Responsibilities
- Long-Term Occupancy — Tenant Has Operated at Site for Over 24 Years
- Previously Extended Lease With Eight 5-Year Renewal Options Remaining
- Located Just 13.6 Miles Northeast of Downtown Birmingham, in the Heart of Alabama's Most Populous Metro Area
- Prime Retail Location on Hard Corner of Center Point Parkway and 23rd Avenue — Regions Bank, DaVita Dialysis, Krystal, Waffle House, Walmart and More
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 13,905-square-foot single tenant pharmacy (the Property) in Birmingham, AL, in which Walgreens has over five years remaining on their absolute triple net lease. The tenant has operated at this location since its construction in 1998 and previously extended their long-term lease, showing strong commitment to the site. The lease features eight 5-year renewal options. The Property is strategically located on one of northeast Birmingham’s busy retail corridors at the signalized intersection of Center Point Parkway/Alabama State Highway 75 and 23rd Avenue, with visibility to over 29,700 vehicles per day. Neighboring retail tenants include Regions Bank, City Gear, DaVita Center Point Dialysis, Krystal, Papa John’s, Firestone Complete Auto Care, Waffle House, Walmart Neighborhood Market and numerous others. Additionally, the property is within two miles of Jefferson State Community College and connected to the college and downtown Birmingham by the local MAX bus service.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
