3025 Allison Bonnett Memorial Dr - Drug Store FOR SALE


Hueytown, AL 35023
$4,965,000 USD
949-903-3399
3025 Allison Bonnett Memorial Dr, Hueytown, AL for Sale
$4,965,000 USD
Drug Store - FOR SALE
1/9
null | 6.75% Cap Rate

3025 Allison Bonnett Memorial Dr
Hueytown, AL 35023


HIGHLIGHTS

  • Rare Walgreens (NASDAQ: WBA) with Rent Bumps Newer 2022 Long Term 15 Yr. Term Lease
  • High Profile Signalized Hard Corner across from Publix Supermarket/Walmart Supercenter/ALDI
  • 5% Rent Bumps every 5 Years including Options - Zero LL Duties Drivethru on Large 1.50 Acres
  • Affluent Suburban Community of Birmingham AL - Strong Demo’s Dense Residential Trade Area
  • 2nd Largest Retail Pharmacy Chain in the Country - Best in Class Brand Name 12.5K Locations Worldwide

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant absolute NNN leased Walgreens Pharmacy in Hueytown, AL. Walgreens is one of the largest drugstore chains in the U.S. and operates over 9,000 Stores in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The absolute NNN lease has over 12.7 firm lease years remaining in the primary term with twelve 5-year automatic renewal periods, 5% rent increases every 5 years and zero landlord responsibilities. The 14,490 SF standalone building with drive-thru on large 1.5-acre parcel is strategically positioned on the hard corner signalized intersection of Allison-Bonnett Memorial Drive and Brooklane Drive which have a combined traffic count exceeding 33,400 VPD and prospers from excellent visibility and access. Nearby retailers include Walmart Supercenter, ALDI, Ace Hardware, AutoZone, CVS, McDonald’s, Taco Bell, KFC, Hardee’s and more.

FOR SALE DETAILS

PRICE

$4,965,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

B3C

APN/PARCEL ID

30-00-20-4-002-003.000

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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