4280 Mitt Lary Rd - Drug Store FOR SALE


Northport, AL 35475
$3,500,000 USD
512-468-4031
4280 Mitt Lary Rd, Northport, AL for Sale
$3,500,000 USD
Drug Store - FOR SALE
1/9
null | 8.25% Cap Rate

4280 Mitt Lary Rd
Northport, AL 35475


HIGHLIGHTS

  • TERM REMAINING (8 YEARS) - Primary Term expires 1/31/2033. CVS has operated from this location since 2008.
  • ABSOLUTE NET BOND LEASE - No Landlord Responsibilities
  • HIGH PERFORMING STORE WITH HIGH TRAFFIC COUNTS - 15,247 VPD on Mitt Lary Rd in front of the property.
  • ACTIVE RETAIL TRADE AREA - The property is located at the corner of a signalized intersection adjacent to two strip centers.
  • NEAR LOCAL HIGH SCHOOL - The property is located less than one mile from Tuscaloosa County High School.
  • HIGH AVERAGE HOUSEHOLD INCOME - $116,727 in a 3-mile radius.

OVERVIEW

*Rent Holiday: 2/2030 - 1/2033 Part of a 3-Property CVS Portfolio which includes the following listings: https://www.crexi.com/properties/1681471/ohio-cvs-pharmacy-euclid-oh https://www.crexi.com/properties/1777886/louisiana-cvs-pharmacy-covington-il

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2.41 AC

LAND SF

104,980 SF

ZONING

C3

APN/PARCEL ID

20-04-17-0-005-002.000

ASK ABOUT THIS PROPERTY

Matt RaglandNet Leased AdvisorsMore Info
512-468-4031

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Matt RaglandNet Leased AdvisorsMore Info
512-468-4031

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