879 Highway 78 - Drug Store FOR SALE


Sumiton, AL 35148
$3,453,600 USD
404-504-7900
879 Highway 78, Sumiton, AL for Sale
$3,453,600 USD
Drug Store - FOR SALE
1/7
null | 7.75% Cap Rate

879 Highway 78
Sumiton, AL 35148


HIGHLIGHTS

  • Major tenants proximate to the site (O'Reilly, Little Caesar's, Walmart, T-Mobile, Dominos, Taco Bell, Mavis Tires & Brakes, etc)
  • Near traffic drivers (Dora High School, Horse Creek Golf Course, Sumiton Elementary, Sumiton City Park)
  • 20 miles northwest of downtown Birmingham

OVERVIEW

Located approximately 20 miles northwest of Birmingham, Walgreens is positioned at the hard-corner, signalized intersection of Highway 79 (15,450 VPD) and Bryan Road (5,040 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

$3,453,600 USD

PRICE/SF

$239 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens: Sumiton, AL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

SF

APN/PARCEL ID

24-02-10-4-000-014-0000

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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