813 College Ave - Drug Store FOR SALE


Jackson, AL 36545
$2,190,963 USD
205-222-6600
813 College Ave, Jackson, AL for Sale
$2,190,963 USD
Drug Store - FOR SALE
1/5
null | 6.75% Cap Rate

813 College Ave
Jackson, AL 36545


HIGHLIGHTS

  • Long term tenant

OVERVIEW

This building was originally built for Big B Drugs, Inc in January 1985, which was headquartered in Birmingham, Alabama. CVS ended up buying Big B Drugs and has occupied it since then. A 10 year lease extension was executed in December of 2024. The base rent is $66,874.92 plus 2% of the sales over $4,343,746. In October of 2024 a new metal roof was installed over the existing standing roof.

FOR SALE DETAILS

PRICE

$2,190,963 USD

PRICE/SF

$258 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

MU-2

APN/PARCEL ID

4203052002002010

ASK ABOUT THIS PROPERTY

Austin JohnsonJames T. Johnson & Co. LLCMore Info
205-222-6600

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Austin JohnsonJames T. Johnson & Co. LLCMore Info
205-222-6600

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