Listed by Exclusive Realty
$3,200,000
Walgreens, Bessemer, AL
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,120
Net Rentable (SqFt) 15,120
Units 1
Cap Rate 10%
NOI $320,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NN
Lease Term 60.1
Lease Expiration 12/31/2060
Remaining Term 34.5
Rent Bumps Yes
Price per SqFt $212
Year Built 2001
Buildings 1
Acreage 2.390
Zoning C4
Parking Spaces 74 spaces
Parking per 1,000 SqFt 4.89
Investment Type Net Lease
Lease Commencement 12/09/2000
Ground Lease No
Retail | 10.00% CAP | 15,120 SqFt
Marketing description
Exclusive Realty is pleased to present a NN Walgreens for sale in Bessemer, Alabama, strategically located on 9th Avenue North in a well-established commercial corridor. Positioned just southwest of Birmingham, Bessemer is a strong, growing market supported by major employers, new industrial development, and dense residential neighborhoods. This highly visible Walgreens benefits from consistent traffic, proximity to schools and medical facilities, and a loyal customer base that relies on the store for prescriptions, health essentials, and everyday goods. With a nationally recognized, investment-grade tenant secured by a long-term NNN lease, this offering provides investors with stable, passive income in a proven Alabama market.
Investment highlights
- NN lease with minimal landlord responsibilities and stable cash flow
- Tenant has the option to terminate the Lease every 5 years
- Investment-grade national tenant with a recession-resistant pharmacy model
- Ranked in the 75% Nationwide and 85% Statewide for store visits by Placer.ai
- Prime location on 9th Avenue North, a busy Bessemer commercial corridor
- Strong visibility, easy access, and steady neighborhood traffic
- Surrounded by dense residential communities, schools, and medical facilities
- Reliable long-term income backed by one of the nation’s leading drugstore chains
- Located in a growing Birmingham-area suburb with ongoing economic development
Listing Contacts
Listed by Exclusive Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$320,000.00
$26,666.67/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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