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Drug Store

Walgreens | Placer Ranking (top 93%) | NNN Lease

7155 US-431, Albertville (Huntsville MSA), AL 35950

Listing Price: $5,924,000

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
9.0
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.98

Investment Overview

SIGNALIZED INTERSECTION (25,524 VPD) & ACROSS FROM SHOPPES OF ALBERTVILLE (134, 368 SF)
• Positioned at the signalized intersection of Hwy 431 and Hwy 75 with a combined 25,524 VPD.
• The Shoppes of Albertville is 134,368 SF and is anchored by Hobby Lobby, T.J. Maxx, & Ross.
• Other national retailers in Albertville include Walmart, Lowe’s Home Improvement, ALDI and more.
• 5 Miles from Marshall Medical Center South, a hospital with 150 beds and 581 employees.

TOP PERFORMING WALGREENS
• This Walgreens ranks in the top 93% of Walgreens locations in AL and is in the top 85% in the US (Placer.ai).
• According to Placer.ai, 210.9K customers visit this Walgreens per year which ranks this store 9th out of 130 Walgreens in the state.

HUNTSVILLE MSA
• Albertville is located less an 1 hour southeast of Huntsville and is part of the MSA.
• The Huntsville metropolitan area’s population is 491,723 making it the second most populous metropolitan area in the state after the Birmingham metropolitan area.
• Huntsville’s main economic influence is derived from aerospace and military technology. Redstone Arsenal, Cummings Research Park (CRP), Jetplex Industrial Park, and NASA’s Marshall Space Flight Center comprise the main hubs for the area’s technology-driven economy
• The University of Alabama in Huntsville is the largest university serving the greater Huntsville area, with 9,636 undergraduate students in 2022–2023.

9.5 YEAR CORPORATE NNN LEASE
• This is a 14,820 SF Walgreens with a drive thru that has been operating at this location
since 2008
• The subject property has a corporate guaranteed NNN Lease with Walgreens that commenced in April 2008 and expires in April 2033. Tenant has fifty, 1-year option periods thereafter.
• The Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure.

INVESTMENT GRADE TENANT
• Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe with 9,277 stores in all 50 states.
• Walgreens is publicly traded (WBA: NYSE) with a net worth in excess of $110 billion.
•Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment-grade rated each with a Standard & Poor’s rating of BBB.

Investment Highlights

  • Signalized Intersection (25,524 VPD) & Across From Shoppes Of Albertville (134,368 VPD)
  • Top Performing Walgreens
  • Huntsville MSA
  • 9.5 Year Corporate NNN Lease
  • Investment Grade Tenant

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Drug Store

Walgreens | Placer Ranking (top 93%) | NNN Lease

Listing Price: $5,924,000

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
9.0
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.98

Investment Highlights

  • Signalized Intersection (25,524 VPD) & Across From Shoppes Of Albertville (134,368 VPD)
  • Top Performing Walgreens
  • Huntsville MSA
  • 9.5 Year Corporate NNN Lease
  • Investment Grade Tenant

Investment Overview

SIGNALIZED INTERSECTION (25,524 VPD) & ACROSS FROM SHOPPES OF ALBERTVILLE (134, 368 SF) • Positioned at the signalized intersection of Hwy 431 and Hwy 75 with a combined 25,524 VPD. • The Shoppes of Albertville is 134,368 SF and is anchored by Hobby Lobby, T.J. Maxx, & Ross. • Other national retailers in Albertville include Walmart, Lowe’s Home Improvement, ALDI and more. • 5 Miles from Marshall Medical Center South, a hospital with 150 beds and 581 employees. TOP PERFORMING WALGREENS • This Walgreens ranks in the top 93% of Walgreens locations in AL and is in the top 85% in the US (Placer.ai). • According to Placer.ai, 210.9K customers visit this Walgreens per year which ranks this store 9th out of 130 Walgreens in the state. HUNTSVILLE MSA • Albertville is located less an 1 hour southeast of Huntsville and is part of the MSA. • The Huntsville metropolitan area’s population is 491,723 making it the second most populous metropolitan area in the state after the Birmingham metropolitan area. • Huntsville’s main economic influence is derived from aerospace and military technology. Redstone Arsenal, Cummings Research Park (CRP), Jetplex Industrial Park, and NASA’s Marshall Space Flight Center comprise the main hubs for the area’s technology-driven economy • The University of Alabama in Huntsville is the largest university serving the greater Huntsville area, with 9,636 undergraduate students in 2022–2023. 9.5 YEAR CORPORATE NNN LEASE • This is a 14,820 SF Walgreens with a drive thru that has been operating at this location since 2008 • The subject property has a corporate guaranteed NNN Lease with Walgreens that commenced in April 2008 and expires in April 2033. Tenant has fifty, 1-year option periods thereafter. • The Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. INVESTMENT GRADE TENANT • Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe with 9,277 stores in all 50 states. • Walgreens is publicly traded (WBA: NYSE) with a net worth in excess of $110 billion. •Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment-grade rated each with a Standard & Poor’s rating of BBB.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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