32815 Hwy 280 - Drug Store FOR SALE


Childersburg, AL 35044
$1,717,969 USD
205-903-0732
32815 Hwy 280, Childersburg, AL for Sale
$1,717,969 USD
Drug Store - FOR SALE
1/7
null | 10% Cap Rate

32815 Hwy 280
Childersburg, AL 35044


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,717,969 USD

PRICE/SF

$147 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

-

APN/PARCEL ID

22-04-20-3-005-001.001

ASK ABOUT THIS PROPERTY

Tyler BradfordSouthpace Properties, Inc.More Info
205-903-0732

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Tyler BradfordSouthpace Properties, Inc.More Info
205-903-0732

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