Walgreens Pharmacy - Gardendale, AL
Retail | 8.55% CAP | 14,490 SF
Marketing description
Introducing an exceptional investment opportunity in Gardendale, Alabama - WALGREENS PHARMACY at 100 Fieldstown Rd. This 14,490 sq ft property features a prominent location with a high-traffic intersection, ensuring excellent visibility and accessibility. Strategically situated near renowned businesses like Publix, Chick-fil-A, and Walmart, the area boasts strong demographics with an average income of $85,000 and a population exceeding 25,000 within a 3-mile radius. Leased to Walgreens under a 60-year Double Net (NN) lease with an S&P-rated "BB" investment-grade corporate guaranty, this property offers stability and long-term reliability. The lease runs through October 31, 2026, with options and an annual rent of $376,000. With a drive-thru pharmacy and 54 parking spaces on a 1.30-acre lot, this investment presents an attractive opportunity in an area known for ongoing development and growth. Don't miss out on this prime commercial offering in a flourishing market.
Investment highlights
The Offering
•A 14,490 ± square foot freestanding Walgreens retail store located in Gardendale, Alabama, originally built in 2001. The property is under a 60-year Double Net (NN) lease that began in 2001 and currently runs through October 31, 2026, with the tenant having termination options every 5 years until 2061.Price: $4,500,000
•Price: $4,400,000
Lease / Tenant
•Double Net (NN) lease with approximately 2 years remaining in the current term. Tenant has termination options every 5 years, with stable rent throughout the lease term.
•S&P-rated "BB" investment-grade corporate guaranty.
•Walgreens Boots Alliance guarantees the lease, ensuring long-term reliability.
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