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7596 Parkway Drive - Leeds Shopping Center, Leeds, AL

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7596 Parkway Drive - Leeds Shopping Center

Leeds, AL 35094-4808 - Trussville Submarket

(3.3 MB)

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:1988
Building Size:12,000 SF Land Area:4.31 AC (187,848 SF)
For Sale Price:$944,000 Price/SF:$78.67
Cap Rate:10.00 %
Parking:Free Surface spaces are available; Ratio of 3.33/1,000 SF
Features:Pylon Sign

Sale Notes:
CVS Plaza is a 12,000+/- square foot retail center in Leeds, AL, a growing suburb of Birmingham. Shadow anchored by Food Giant and Ace Hardware, CVS Plaza stays active as one of the necessity-based shopping destinations in Leeds. The property benefits from the solid population in the immediate area, which has grown by 16% since 2000 (5-mile radius). The property is also located less than three (3) miles from the new Bass Pro Shops and The Outlet Shops of Grand River.

CVS has operated in this center since 1989, with tremendous success as shown by their reported store sales. They have done so well, that they have paid percentage rent to the Landlord each of the last two (2) years.

Title Cash, d/b/a Loan Master, is signed to a brand new 5-year lease that commenced in April, 2017. Per their website, they have 300+ locations across 10 states under various brand names.

Marcus & Millichap Inc
Robert Pfeiffer
(678) 808-2700 x2770

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