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3025 Allison Bonnett Memorial Drive, Bessemer, AL

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3025 Allison Bonnett Memorial Drive

Bessemer, AL 35023 - Bessemer Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2002
Building Size:14,490 SF Land Area:1.5 AC (65,340 SF)
For Sale Price:$5,275,590 Price/SF:$364.08
Cap Rate:6.35 %
Parking:Free Surface spaces are available; Ratio of 2.67/1,000 SF
Features:Pylon Sign, Signage, Signalized Intersection, Drive Thru

Sale Notes:
- Long Term Lease – Over 10 Years Remaining on the Initial Lease Term
- Absolute NNN Lease – Zero Landlord Responsibilities
- Site Sees an Average of Over 18,000 Cars Per Day
- Investment Grade Credit Tenant – Rated BBB by S&P
- 10 Renewal Periods Offer 50 Additional Years After the Initial Lease Term
- Strong Demographics – Suburb of Birmingham, Alabama with over 75,000 Residents in a 5-Mile Radius
- Located on a Signalized Hard Corner on the Main Thoroughfare of Hueytown
- Walgreens Has a Market Capitalization of $83.7 Billion
- Phenomenal Retail Synergy – Nearby Retailers Include Publix, ALDI, Wells Fargo, PNC Bank, Pep Boys, AutoZone, McDonalds, Sonic, Burger King, and Taco Bell

Matthews Real Estate Investment Services
Gordon Miller
(214) 692-2125

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