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795 Wilson Street - Walgreens, Wetumpka, AL

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795 Wilson Street - Walgreens

Wetumpka, AL 36092-2901 - Outlying Elmore County Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2007
Building Size:10,560 SF Land Area:1.75 AC (76,230 SF)
For Sale Price:$4,252,000 Price/SF:$402.65
Cap Rate:6.85 %
Parking:Free Surface spaces are available; Ratio of 4.92/1,000 SF
Features:Pylon Sign, Signalized Intersection, Drive Thru

Sale Notes:
We are pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant NNN lease investment that is fully leased to Walgreen Co. with over 13 years remaining on the original term. Comprising of 14,820 square feet, the building is situated on a large 1.76 acre lot and is located on the major North/South corridor of Wetumpka, AL. Positioned directly across from Wind Creek Wetumpka Casino Hotel the property benefits from the highly trafficked Old US Hwy 231 (43,120 VPD) and has excellent visibility.

Walgreens (NASDAQ: WBA) is rated “BBB” by S&P’s and is the second-largest pharmacy store chain in the United States. It operates over 8,100 stores in all 50 states as well as Puerto Rico, District of Columbia and U.S. Virgin Islands. Founded over 117 years ago WBA now boasts sales of $118 Billion with a net income of over $4 Billion. This is a rare opportunity to purchase the second-largest pharmacy store chain in the U.S. (true investment grade tenant - “BBB” by S&P’s), with over 13 years remaining on the original term, providing long term dependable income and attractive yield, with zero landlord responsibilities.

Colliers International
Eric Carlton
(949) 724-5561

Jereme Snyder
(949) 724-5500

Colliers International
Joe Sandner IV
(205) 445-0955 x511

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