

Dark Walgreens | Birmingham | 11.00% Cap rate
Rent is guaranteed by Walgreens Corporate
Investment highlights
INVESTMENT HIGHLIGHTS
DARK LOCATION & CORPORATE GUARANTEE – There are +/- 4 Years remaining on the lease with nearly $1.2M of remaining rent which is guaranteed by Walgreens Corporate, Ranked #27 on the Fortune 500 list as of January 2025.
ABSOLUTE NNN – This lease offers zero landlord responsibilities ideal for an investor looking for an extremely passive and secure investment. The roof of this property was also replaced around 2014
EXCELLENT VISIBILITY + TRAFFIC COUNTS - This property is easily seen as it is situated on the hard corner of Center Point Parkway (+/- 25,000 VPD) and 23rd Ave NE (+/- 5,000 VPD) which are both major thoroughfares that run through Birmingham.
NEARBY NATIONAL RETAILERS - Firestone , Davita Kidney Care, Dollar Tree, Dollar General, Regions Bank, Auto Zone, Family Dollar, Taco Bell, Advance Auto Parts, Chick-fil-A, Walmart, USPS, Popeyes, and many national automotive dealerships.
BIRMINGHAM - HOOVER MSA - With over 1,150,000 residents, the Birmingham Hoover MSA is the most populous metro of Alabama.
Listing Contacts


Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?






