Walgreens

100 W Fort Williams St, Sylacauga, AL 35150

$3,581,538

Cap Rate 6.50%

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DOM: 141 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 13.4	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

BJ Feller

Northmarq

Contact

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...

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Key Features

Hard corner intersection
Near major nationals
Hospital close
Long operation history
Strong sales history
Below Market Rent
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

Walgreens Wikipedia Walgreens Wikipedia Sylacauga, AL Zipe code 35150 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Walgreens
Guarantor:Corp T and Rated
Company:Walgreens Boots Alliance
# Units:12,500
Tenant S&P: BB-
Moody’s: Ba3
Stock: NASDAQ: WBA

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...

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Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	4,658	12,294	18,050
2025 Total Population :	4,758	12,570	18,419
2025 Employed Civilian Pop :	1,806	5,093	7,767
2025 Total Businesses :	410	690	807
2025 Average Household Income :	$ 54,893	$ 62,959	$ 67,934
2025 Total Consumer Spending :	$ 106 M	$ 320 M	$ 497 M
2025 Median Age :	43	43	43
2025 Total Households :	2,162	5,703	8,208
2025 Pop Age 25+: Bachelor's Degree :	275	895	1,276
2025 Average Home Value :	$ 151,487	$ 185,113	$ 182,377

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Main Avenue	E 8th St	2021	3,737	0.30 mi
North Main Avenue	E 1st St	2020	3,737	0.30 mi
3rd Street	Noble Rd	2018	1,912	0.34 mi
South Broadway Avenue	E Spring St	2020	9,254	0.40 mi
South Broadway Avenue	W Walnut St	2021	9,254	0.40 mi
Western Avenue	Spring Dr	2014	940	0.40 mi
West 4th Street	N Elm Ave	2021	3,292	0.41 mi
South Main Avenue	E Walnut St	2014	4,480	0.43 mi
North Broadway Avenue	E 5th St	2021	8,368	0.50 mi
West Walnut Street	S Oak Ave	2021	1,313	0.58 mi

Listing Broker

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