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28337971
18159944

1901 11th Ave, Haleyville, AL 35565 For Sale

EW
FL CQ1057427
Acropolis Commercial Advisors LLC
Listed by Acropolis Commercial Advisors LLC
$3,808,296
26 days on market
Updated 26 days ago

CVS | Absolute NNN | No Rent Holiday

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 12,111
Cap Rate 5.75%
NOI $218,977
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 25.2
Lease Expiration 01/31/2041
Remaining Term 14.5
Rent Bumps Yes
Lease Options Ten (10), Five-Years
Price per SqFt $314
Year Built 2015
Stories 1
Acreage 1.300
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/10/2015
Ownership Fee Simple

Limited Competition | Only Free-Standing National Pharmacy

Marketing description

  • Long-Term Abs. NNN Lease

    • No Rent Holiday | Corporate Guarantee

  • Located on State Route

    • Situated at Signalized Intersection

  • County’s Only Free-Standing National Pharmacy

    • 24 Miles to Next Closest National Pharmacy

  • Proximity to County’s Only Hospital

    • Near Numerous Doctor/Medical Offices, Health Facilities

  • Situated Amongst Major Traffic Drivers

    • Country’s Largest Sleeping Bag Maker | 90-Acre School Campus

  • Retail Corridor with Other National Companies

    • Grocery, Retail, Dining, Consumer Services

Investment highlights

Hard Corner Location on State Route | Retail Corridor with Major National Retailers

  • CVS sits on 11th St between two signalized intersections at 19th St and 20th St, providing tremendous visibility to commuters. 11th St is a main north/south retail corridor that is a part of State Route 13.

  • SR 13 provides generous access to/from neighboring towns and connects in the south to Interstate 22 just 30 minutes away, providing direct access to Birmingham within 30 minutes.

  • 11th St’s national retailers include O’Reilly Auto, Piggly Wiggly, AutoZone, McDonald’s, First National Bank, and many more.

  • Other major retailers in the nearby area include Walmart Supercenter, Burger King, and Dollar Tree, among others.

County’s Only Free-Standing National Pharmacy | Proximity to County’s Only Hospital, Doctor/Medical Offices, Health Facilities

  • The Property benefits from being the only free-standing national pharmacy in Winston County.

    • The only other national pharmacy in the county is located inside the nearby Walmart Supercenter.

    • The next closest free-standing national pharmacy is another CVS, located 24 miles away in Russellville (Franklin County).

  • CVS is located less than 10 minutes away from Winston County’s only hospital, Lakeland Community Hospital. Lakeland is a 24-hour, 58-bed facility providing comprehensive healthcare services to Haleyville and surrounding communities.

  • The surrounding area includes a strong concentration of medical offices and healthcare providers serving Haleyville and nearby communities.

Absolute NNN Lease | Corporate Guarantee | Zero Landlord Responsibilities | No Rent Holiday

  • The Property is subject to a long-term Absolute NNN lease with CVS which provides for zero landlord responsibilities and a completely passive investment. The lease boasts a corporate guarantee for added security.

  • This particular CVS does not have a common “Rent Holiday” clause nor any decrease in rent during the 1 first two option periods.

Amongst Traffic Drivers | City’s 90-Acre School Campus | Largest Sleeping Bag Maker in U.S.

  • CVS is situated less than 1 mile from the Haleyville City School System, which includes the elementary, middle, and high schools as well as the Haleyville Center of Technology. Spanning roughly 90 acres, the district is widely regarded as one of Alabama’s top public school systems.

  • The Property is approximately 2 miles away from Exxel Outdoors’ manufacturing facility which is recognized as one of the most efficient facilities in the world. Exxel is the country’s largest sleeping bag maker and produces over 1.5M+ sleeping bags annually for major retailers and the U.S. Military.

  • The Property is also within 2 miles of several large industrial and distribution facilities operated by major employers such as Serenity Sleep Products, Fontaine Trailer, Winston Furniture, Masonite International, Bassett Outdoor Furniture, and more.

Close Proximity to Major Recreation| Sports Complex – Weekly 25+ Team Tournaments | 140-Acre Park | Lake | Recreation Center

  • CVS is located less than 2 miles from the Haleyville Sports Complex, a regional athletic hub that hosts baseball, softball, and football tournaments for teams across Alabama, Mississippi, and Tennessee. The facility welcomes over 25 teams per weekend during peak season, with more than 20 tournaments held each summer in addition to local city leagues for T-ball, softball, and baseball.

  • As well, the CVS is within 1 mile of major municipal parks, which include but are not limited to:

    • Rocky Ravine Park – The park is 140 acres and is made up of picnic areas, a playground, a natural gorge with flowing streams, walking and hiking trails, fishing, and waterfalls.

    • Haleyville City Lake and Waterfall – The area is open all-year and features a playground, fishing, hiking trails, and waterfalls. Local annual events also take place here.

    • Haleyville Parks & Recreation Center – offers a swimming pool with water slides, fitness classes, and recreational sporting events.

Listing Contacts

EW
FL CQ1057427
Acropolis Commercial Advisors LLC
Listed by Acropolis Commercial Advisors LLC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$218,977.00
$18,248.08/mo

Valuation Metrics

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DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Brian Brockman
License
119750
Brokerage
Bang Realty-Alabama Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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