Southpace Properties is presenting an opportunity to purchase a well-established absolute net lease CVS located at 32815 US-280, Childersburg, AL. CVS has been operating at this location since 2005 with lease term through 2031.
The property is located along US-280, a major highway that connects Birmingham to Columbus, GA, offering high visibility with ±26,198 vehicles per day. US-280 serves as a main road in the area, attracting consistent traffic and providing a strategic location for retail tenants.
This CVS property features a modern, well-maintained building with ±11,654 square feet, drive thru pharmacy and plenty of parking. The property is in a prime retail area surrounded by popular businesses, including Piggly Wiggly, Family Dollar. and a new Tractor Supply. Located near residential, commercial, and industrial zones, it benefits from steady demand and diverse customer traffic, making it strong long-term real estate.
The area demographics are well-suited for retail, with a total population of 8,851 within a 5-mile radius. The community has a median household income of $59,521 within a 5-mile radius of the property.