loader
Join
DOM: 31 Updated: 06.11.25 Posted: 06.11.25 Status: Active     07.07.25

Summary

Price $3,581,538
Built/Renov 2007
Tenant Walgreens
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,620
Lease Start 02-22-2024
#Units 12,500
Price/SF $244.98
Expiration 02-28-2039
Tenant Type Pharmacy
NOI $232,800
R. Term 13.7
Ownership Fee Simple
Rent/SF $15.92
Increases 5.0%/5/yrs
Pop 5Mi 18,937
Lot/AC 1.63
Options 12/5yrs/5%
AHHI 5Mi $71,145

Highlights

  • Walgreens has 14 years remaining on the current lease term with 12 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the hard corner intersection of W Fort Williams Street and Norton Avenue, with access to 3,715 vehicles per day. The property benefits from its close proximity to Coosa Valley Medical Center, a 248-bed healthcare facility and one of the area’s largest employers, serving more than 87,000 patients annually. Positioned within Sylacauga’s primary retail...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH