8370 Us-31 Hwy - Drug Store FOR SALE


Calera, AL 35040
$3,920,000 USD
781-776-4006
8370 Us-31 Hwy, Calera, AL for Sale
$3,920,000 USD
Drug Store - FOR SALE
1/7
null | 6.25% Cap Rate

8370 Us-31 Hwy
Calera, AL 35040


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Investment Grade Credit
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased CVS located 8370 US Highway 31 in Calera, Alabama (the “Property”). The build to suit property was developed in 2009 and CVS has 10+ years remaining on their lease with five (5), 5-year renewal options. The lease calls for 5% increases at the start of each renewal option. The Property is situated on a highly visible corner parcel at the signalized intersection of AL Route 25 and US Route 31, the area’s primary commercial and commuter corridors. CVS is positioned in the heart of Calera and enjoys outstanding visibility and frontage with three points of access. The Property is convenient to the area’s national and local retailers and restaurants, highway, area schools, and residential neighborhoods that drive traffic to the area and provide a built-in customer base. Calera is in Central Alabama approximately 30 miles south of Birmingham and 60 miles north of Montgomery.

FOR SALE DETAILS

PRICE

$3,920,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

AL-25 Highway

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

-

APN/PARCEL ID

28-5-21-3-301-013-000

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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