201 Highway 31 NW - Drug Store FOR SALE


Hartselle, AL 35640
$3,319,600 USD
703-477-1315
201 Highway 31 NW, Hartselle, AL for Sale
$3,319,600 USD
Drug Store - FOR SALE
1/8
null | 7.75% Cap Rate

201 Highway 31 NW
Hartselle, AL 35640


HIGHLIGHTS

  • Absolute NNN Lease
  • Proximate to Decatur and Huntsville, AL
  • Immediately adjacent to O’Reilly Auto Parts and Agency on Main, with Andy’s Food Mart and Tankersley’s Service Center directly across the street
  • 1.3 MSF of retail, 1.1 MSF of industrial and 611 multifamily units within a 3 mile radius of the site

OVERVIEW

Located approximately 11 miles south of Decatur and 28 miles southwest of Huntsville, Walgreens is located at the hard-corner, signalized intersection of Highway 31 Northwest (21,225 VPD) and Main Street (11,318 VPD), where it is less than 3 miles west of access to Interstate 65 (44,933 VPD). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.

FOR SALE DETAILS

PRICE

$3,319,600 USD

PRICE/SF

$225 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens: Hartselle, AL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

-

APN/PARCEL ID

15-02-10-3-005-020.000

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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