3140 Highway 280
Alexander City, AL 35010

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property located in Alexander City, AL. The lease has approximately 14 years remaining and operates on an absolute net lease basis with no landlord responsibilities. Income guaranteed by Walgreens parent corporate (S&P BBB) investment grade Fortune 500 Company with over 9,500 locations. Walgreens is located less than 0.2 of a mile from Russell Medical, a not-for-profit acute care hospital serving the needs of East Central Alabama with cutting edge technology and highly skilled professionals. The store benefits as it is the closest drugstore to the hospital ensuring a continuous supply of customers. This Walgreens benefits as the only national chain drugstore in Alexander City. The next nearest Walgreens or CVS is over 13 miles in either direction. Located directly across from Walgreens is a Save-A-Lot anchored center with supporting tenants including O’Reilly Auto Parts, Dollar General and Tractor Supply Company. Additional national retail tenants in the immediate area include Walmart Supercenter, Dairy Queen, Wendy’s, Taco Bell, Arby’s and Little Caesars. This store is located directly off Highway 280 which is one of the area’s heaviest traveled arteries and the main connector between Birmingham to the northwest and Auburn to the southeast. Alexander City is located in the east-central area of Alabama approximately 60 miles from both Birmingham and Montgomery and 120 miles from Atlanta, Georgia. It is part of Tallapoosa County and just 5 miles northwest of the Tallapoosa River.