2000 Center Point - Drug Store FOR SALE


Birmingham, AL 35215- Outer Center Point
$2,886,717 USD
781-776-4003
2000 Center Point, Birmingham, AL for Sale
$2,886,717 USD
Drug Store - FOR SALE
1/8
null | 9.5% Cap Rate

2000 Center Point
Birmingham, AL 35215
Outer Center Point


HIGHLIGHTS

  • Long Term Lease
  • Zero Management Responsiblities
  • Investment Grade Credit
  • Strategic Retail Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased CVS located at 2000 Center Point Parkway in Birmingham, Alabama (the “Property”). CVS has been at the Property since 2001 and recently exercised their first renewal option, demonstrating their commitment to the site and the market. CVS has 4+ years remaining on their lease with nine (9), 5-year renewal options. The Property is situated on a highly visible corner parcel at the signalized intersection of 20th Avenue NW and Center Point Parkway (AL Route 75), the area’s primary commercial and commuter corridor. CVS enjoys outstanding visibility and frontage with two points of access and is surrounded by national and local retailers and restaurants that drive traffic to the area. Located in the northern portion of Birmingham, the Property lies in the heart of a densely populated residential neighborhood that provides a captive customer base. The Property is 12-miles from Birmingham’s Central Business District.

FOR SALE DETAILS

PRICE

$2,886,717 USD

PRICE/SF

$283 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

20th Ave. NW

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

C1

APN/PARCEL ID

12-00-18-3-007-002.000

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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