Walgreens | 101 Doug Baker Blvd
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Walgreens 101 Doug Baker Blvd
14,560 SF Retail Building Birmingham, AL 35242 $4,552,000 ($313/SF) 7.15% Cap Rate
Investment Highlights
- Excellent Exposure Along Main Thoroughfare
- Highly Affluent Community
- Desirable Investment Market Experiencing Unprecedented Growth
- Corporate Guarantee with Zero Landlord Responsibilities
- Located in High Traffic Retail Corridor
- Area Development
Executive Summary
Atlantic Capital Partners has been exclusively engaged
to solicit offers for the sale of Walgreens located at
101 Doug Baker Blvd in Birmingham, AL. The offering is
14,560 SF and is a high visibility outparcel to the Village
at Lee Branch, a retail power center anchored by Publix,
Dicks Sporting Goods, Hobby Lobby, Golf Galaxy, and
many other high quality tenants. The property sits at the
hard corner to the signalized entrance of the shopping
center and features frontage along US Highway 280
which sees over 80,000+ VPD.
The subject property is located in the heart of an
affluent, bustling, and rapidly growing community,
with HH incomes of $160,000+ and with over 500 new
construction single family homes and town homes
within a few miles of the site. Walgreens pays $325,500
in annual rent, has occupied the site since it was built in
2003, and features high reported sales.
to solicit offers for the sale of Walgreens located at
101 Doug Baker Blvd in Birmingham, AL. The offering is
14,560 SF and is a high visibility outparcel to the Village
at Lee Branch, a retail power center anchored by Publix,
Dicks Sporting Goods, Hobby Lobby, Golf Galaxy, and
many other high quality tenants. The property sits at the
hard corner to the signalized entrance of the shopping
center and features frontage along US Highway 280
which sees over 80,000+ VPD.
The subject property is located in the heart of an
affluent, bustling, and rapidly growing community,
with HH incomes of $160,000+ and with over 500 new
construction single family homes and town homes
within a few miles of the site. Walgreens pays $325,500
in annual rent, has occupied the site since it was built in
2003, and features high reported sales.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
C
Year Built
2003
Price
$4,552,000
Price Per SF
$313
Cap Rate
7.15%
NOI
$325,468
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Land Acres
2.03 AC
Zoning
C - Commercial
Parking
54 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09-3-05-0-001-030-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $549,120 |
PROPERTY TAXES
Parcel Number
09-3-05-0-001-030-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$549,120
-
Eric Suffoletto -
David Hoppe -
Danny Griffin -
Atlantic Capital Partners
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Walgreens | 101 Doug Baker Blvd
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