1400 Gunter Ave - Drug Store FOR SALE


Guntersville, AL 35976
$5,088,000 USD
917-336-9067
1400 Gunter Ave, Guntersville, AL for Sale
$5,088,000 USD
Drug Store - FOR SALE
1/8
null | 8.5% Cap Rate

1400 Gunter Ave
Guntersville, AL 35976


HIGHLIGHTS

  • 9+ Years Lease Term Remaining | Extensive Renewal Options | Corporate Tenant
  • Absolute NNN Lease Structure | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Major Traffic Artery | Multiple Access Points
  • Dense Retail Corridor | Strong Tenant Synergy

OVERVIEW

SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in an absolute NNN-leased Walgreens property located in Guntersville, Alabama. The tenant, Walgreen Co., is a wholly owned subsidiary of Walgreens Boots Alliance, one of the largest pharmacy operators in the U.S. The lease features more than nine years of primary term remaining, along with ten (10) additional five-year renewal options, providing excellent long-term income stability. With the tenant responsible for all expenses under an absolute triple-net structure, this asset offers a truly passive investment opportunity ideal for out-of-state or hands-off investors seeking durable cash flow backed by a national brand.

FOR SALE DETAILS

PRICE

$5,088,000 USD

PRICE/SF

$381 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 9+yrs Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

BG-1B

APN/PARCEL ID

150210-4-004-070000,150210-4-004-071000,150210-4-004-072000,150210-4-004-072001

ASK ABOUT THIS PROPERTY

Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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