Walgreens 3025 Allison Bonnett Memorial Dr

14,490 SF Retail Building Hueytown, AL 35023 $4,965,000 ($342.65/SF) 6.75% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Rare Walgreens (NASDAQ: WBA) with Rent Bumps Newer 2022 Long Term 15 Yr. Term Lease
5% Rent Bumps every 5 Years including Options - Zero LL Duties Drivethru on Large 1.50 Acres
2nd Largest Retail Pharmacy Chain in the Country - Best in Class Brand Name 12.5K Locations Worldwide

High Profile Signalized Hard Corner across from Publix Supermarket/Walmart Supercenter/ALDI
Affluent Suburban Community of Birmingham AL - Strong Demo’s Dense Residential Trade Area

EXECUTIVE SUMMARY

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant absolute NNN leased Walgreens Pharmacy in Hueytown, AL. Walgreens is one of the largest drugstore chains in the U.S. and operates over 9,000 Stores in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The absolute NNN lease has over 12.7 firm lease years remaining in the primary term with twelve 5-year automatic renewal periods, 5% rent increases every 5 years and zero landlord responsibilities. The 14,490 SF standalone building with drive-thru on large 1.5-acre parcel is strategically positioned on the hard corner signalized intersection of Allison-Bonnett Memorial Drive and Brooklane Drive which have a combined traffic count exceeding 33,400 VPD and prospers from excellent visibility and access.
Nearby retailers include Walmart Supercenter, ALDI, Ace Hardware, AutoZone, CVS, McDonald’s, Taco Bell, KFC, Hardee’s and more.