227 W College St, Columbiana, AL 35051 For Sale

MSA in Columbiana, Alabama. The lease runs through January 2036 leaving over 9 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.