3025 Allison Bonnett Memorial Dr - Drug Store FOR SALE


Hueytown, AL 35023
$4,965,000 USD
561-602-8390
3025 Allison Bonnett Memorial Dr, Hueytown, AL for Sale
$4,965,000 USD
Drug Store - FOR SALE
1/9
null | 6.75% Cap Rate

3025 Allison Bonnett Memorial Dr
Hueytown, AL 35023


HIGHLIGHTS

  • High-Performing Walgreens 5% Rent Increases
  • Situated in Hueytown, a wealthy suburb of Birmingham, known for its strong community and high quality of life
  • Across from Dominant Publix Center
  • Secured by a 15-year absolute NNN lease with approximately 12.5 years remaining
  • Surrounded by a population of 241,719 and an average household income of $76,502

OVERVIEW

Colliers is proud to present the property at 3025 Allison-Bonnett Memorial Drive, Hueytown (Birmingham), AL 35023. The property presents a premier investment opportunity in a high-performing retail asset. This 14,490-square-foot commercial property, located in the affluent retail submarket of Birmingham, is 100% leased to Walgreens, a leading national retailer. The tenant operates under a 15-year absolute NNN lease with approximately 12.5 years remaining, featuring zero landlord responsibilities and twelve 5-year renewal options, ensuring long-term income stability. Walgreens’ commitment to this location is evidenced by a recently signed lease extension and a rare 5% rent increase every five years, a distinction reserved for the chain’s top-performing stores nationwide, reflecting exceptional sales performance. Strategically situated across from a dominant, Publix-owned shopping center, the property benefits from significant foot traffic and proximity to a leading grocery anchor. Positioned in Hueytown, a wealthy Birmingham suburb, the site is supported by strong demographics, with a population of 241,719 and an average household income of $76,502 within a 10-mile radius.

FOR SALE DETAILS

PRICE

$4,965,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

6.75%

% 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

2002

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

B3C

APN/PARCEL ID

30-00-20-4-002-003.000

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

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