227 W College St - Drug Store FOR SALE


Columbiana, AL 35051
$4,238,099 USD
847-562-9280
227 W College St, Columbiana, AL for Sale
$4,238,099 USD
Drug Store - FOR SALE
1/5
null | 6.5% Cap Rate

227 W College St
Columbiana, AL 35051


HIGHLIGHTS

  • Positioned within the Birmingham MSA – Ranked #50 in the United States for population size
  • CVS is an investment grade rated tenant (S&P: BBB)
  • Over 12 years remaining on the primary lease term
  • NNN lease – No landlord responsibilities
  • Corporate CVS guaranty
  • Operating history since 2010 which demonstrates commitment

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy located within the Birmingham MSA in Columbiana, Alabama. The lease runs through January 2036 leaving over 12 years remaining on the primary term. CVS has been successfully operating at this location since 2010, demonstrating commitment to the site. The lease is triple net which presents no landlord responsibilities and has ten 5-year renewal options attached. The lease also features a corporate guaranty. The 13,992 square-foot building is located at the intersection of West College Street and SR 25 which experience a combined traffic count of 20,400 vehicles per day. The subject CVS property is surrounded by several nationally recognized tenants including Piggly Wiggly, O’Reilly Auto Parts, McDonald’s, Regions Bank, Dollar Tree, Circle K, and NAPA Auto Parts. The property is also within proximity to Shelby County Sheriff’s Office & Training Center and the Columbiana Sports Complex which draw continual traffic to the area. There is limited competition in the area with the nearest national competitor located over 13 miles north of the subject property. Additionally, the average annual household income within a seven-mile radius is in excess of $80,000. CVS Pharmacy is the nation’s largest drugstore chain and total prescription revenue and operates 9,900+ locations in 49 states, the District of Columbia, Puerto Rico and Brazil. CVS Pharmacy is a publicly traded company on the New York Stock Exchange (Symbol: CVS) with a market capitalization in excess of $97.9 billion. CVS is one of the largest corporations in the nation, ranking #4 on the Fortune 500.

FOR SALE DETAILS

PRICE

$4,238,099 USD

PRICE/SF

$303 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,122 SF

ZONING

None

APN/PARCEL ID

21-7-26-2-001-046-000

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

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