1815 9th Ave N - Freestanding FOR SALE


Bessemer, AL 35020- Outer Bessemer/Fairfield
$3,555,555 USD
619-297-0055
1815 9th Ave N, Bessemer, AL for Sale
$3,555,555 USD
Freestanding - FOR SALE
1/3
null | 9% Cap Rate

1815 9th Ave N
Bessemer, AL 35020
Outer Bessemer/Fairfield


HIGHLIGHTS

  • Per Placer.AI, this Walgreens ranks in the top 25% nationwide and is the best among five competing national chain drugstores in a 5 mi radius.
  • Walgreens recently renewed their 5-Year option without any concession showing their commitment to this location.
  • the only Walgreens serving the Bessemer market and is the furthest SW location along the I-20 corridor on the route from Birmingham to Tuscaloosa.
  • Located near US PIPE (500 employees), BLOX (600 employees), Dollar General Distribution Center ($100M campus), Piggly Wiggly HQ (450k SF facility).

OVERVIEW

We are pleased to market for sale the Walgreens property located at 1815 9th Avenue North in Bessemer, Alabama ("The Property"). Walgreens has operated at this location for over 24 years and has 5 years and 8 months remaining on its lease before the option periods. The store ranks in the top 25% nationwide in foot traffic, according to Placer.AI, and is the best-performing national chain drugstore within a five-mile radius. Walgreens recently renewed its 5-year option without concessions, reinforcing its commitment to this location. This is the only Walgreens serving the Bessemer market and is the furthest southwest location along the I-20 corridor on the route from Birmingham to Tuscaloosa. The Property is positioned near major employers, including US PIPE (500 employees), BLOX (1 million square feet, 600 employees), Dollar General Distribution Center ($100 million, 106 acres), and Piggly Wiggly Manufacturing Headquarters (450,000 square feet). The Property is the closest Walgreens pharmacy to UAB Medical West, which opened in August 2024. The hospital spans 412,000 square feet over nine stories, with 200 beds, alongside a 127,000-square-foot, seven-story medical office building. Listed in conjunction with Brian Brockman, Bang Realty-Alabama Inc, 513-898-1551, wg@bangrealty.com, AL DRE Lic. 119315.

FOR SALE DETAILS

PRICE

$3,555,555 USD

PRICE/SF

$235 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 CAP-Recent Lease Renewal-Top 25%(Placer.AI)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,108 SF

ZONING

C4

APN/PARCEL ID

38-00-09-1-017-004.000

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.