100 W Fort Williams St - Drug Store FOR SALE


Sylacauga, AL 35150
$3,724,800 USD
201-919-6148
100 W Fort Williams St, Sylacauga, AL for Sale
$3,724,800 USD
Drug Store - FOR SALE
1/1
null | 6.25% Cap Rate

100 W Fort Williams St
Sylacauga, AL 35150


HIGHLIGHTS

  • Long-Term Commitment Through Sale-Leaseback
  • Rare, Absolute NNN Lease with Rental Escalations
  • Long Operating History with Solid Unit-Level Sales
  • Proximity to Coosa Valley Medical Center
  • Established Retail Corridor of Sylacauga
  • Significantly Below Average Walgreens Rent PSF

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Walgreens located in Sylacauga, Alabama (“The Property”). The Property consists of a 14,620-square-foot freestanding retail building on a 1.63-acre parcel of land. Walgreens is operating under an Absolute NNN lease with zero landlord responsibilities, offering a truly passive investment asset. See Lease Abstract for full details. The Property is located in Sylacauga, Alabama, part of the Birmingham Metropolitan Statistical Area (MSA)—a dynamic and growing region. This presents a unique opportunity to acquire real estate in a market with strong demographic and economic drivers. The Property benefits from proximity to the Sylacauga National Guard Armory, located just 2 miles away, which brings additional consumer traffic to the area. The Property features a competitively priced rent PSF of $15.92. Additionally, it is located 1 mile from the Coosa Valley Medical Center, a prominent 248-bed community health care facility, providing convenient access to a trusted pharmacy for patients, staff, and visitors. The Property is situated on West Fort Williams Street, a key commercial thoroughfare, and is within close proximity to N Broadway Avenue, another significant roadway in Sylacauga. Combined, these roads experience a traffic count of approximately 14,086 vehicles per day (VPD), creating high visibility and accessibility. Overall, the Property’s location in a primary retail corridor, its proximity to a major medical center and military base, and its accessibility from key commercial thoroughfares create strategic exposure to consumers and significant crossover shopping opportunities with neighboring tenants.

FOR SALE DETAILS

PRICE

$3,724,800 USD

PRICE/SF

$255 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

-

APN/PARCEL ID

27-09-29-3-000-136.000

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.