

Walgreens
Retail | 6.50% CAP | 14,620 SqFt
Marketing description
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Walgreens located in Sylacauga, Alabama (“The Property”). The Property consists of a 14,620-square-foot freestanding retail building on a 1.63-acre parcel of land. Walgreens is operating under an Absolute NNN lease with zero landlord responsibilities, offering a truly passive investment asset. See Lease Abstract for full details.
The Property is located in Sylacauga, Alabama, part of the Birmingham Metropolitan Statistical Area (MSA)—a dynamic and growing region. This presents a unique opportunity to acquire real estate in a market with strong demographic and economic drivers. The Property benefits from proximity to the Sylacauga National Guard Armory, located just 2 miles away, which brings additional consumer traffic to the area. The Property features a competitively priced rent PSF of $15.92. Additionally, it is located 1 mile from the Coosa Valley Medical Center, a prominent 248-bed community health care facility, providing convenient access to a trusted pharmacy for patients, staff, and visitors. The Property is situated on West Fort Williams Street, a key commercial thoroughfare, and is within close proximity to N Broadway Avenue, another significant roadway in Sylacauga. Combined, these roads experience a traffic count of approximately 14,086 vehicles per day (VPD), creating high visibility and accessibility. Overall, the Property’s location in a primary retail corridor, its proximity to a major medical center and military base, and its accessibility from key commercial thoroughfares create strategic exposure to consumers and significant crossover shopping opportunities with neighboring tenants.
Investment highlights
Long-Term Commitment Through Sale-Leaseback
Rare, Absolute NNN Lease with Rental Escalations
Long Operating History with Solid Unit-Level Sales
Proximity to Coosa Valley Medical Center
Established Retail Corridor of Sylacauga
Significantly Below Average Walgreens Rent PSF
Birmingham MSA Acquisition Opportunity
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