9151 Moffett Rd - Drug Store FOR SALE


Semmes, AL 36575- Sunnyvale
$1,435,000 USD
760-448-2449
9151 Moffett Rd, Semmes, AL for Sale
$1,435,000 USD
Drug Store - FOR SALE
1/12
null | 7.25% Cap Rate

9151 Moffett Rd
Semmes, AL 36575
Sunnyvale


HIGHLIGHTS

  • CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) – Largest Pharmacy in the U.S. – Revenues of $372.8 Billion – #5 on Fortune 500
  • Perfect 1031 Exchange Candidate – Absolute-NNN Lease – Zero Landlord Responsibilities – Low Rent ($10 PSF) & Price Point – Provides Passive Ownership
  • Long Operating History – Demonstrated Tenant Commitment – 5% Rent Increases in Options – Multiple 10-Year Lease Extensions
  • Strategic Retail Corridor – Hard-Corner Signalized Intersection – Located Directly Across from Aldi

OVERVIEW

Lee & Associates and Bang Realty are pleased to present for sale a single-tenant CVS Pharmacy located at 9151 Moffett Road in Semmes, Alabama, within the Mobile MSA. The property consists of a 10,260 square foot retail building situated on approximately 1.38 acres and is offered fee simple. Built in 1999, the asset is 100% leased to CVS Health Corporation, an investment grade tenant (S&P: BBB), operating under an absolute NNN lease structure that provides zero landlord responsibilities. CVS Health is the largest pharmacy operator in the United States, with over 9,000 locations nationwide and a strong corporate guarantee supporting the lease. The tenant has demonstrated long-term commitment to this location, operating at the site for over two decades with a lease extending through December 2030 and multiple five-year renewal options featuring 5% rental increases. The absolute NNN lease structure ensures passive ownership, while the below-market rent provides additional security and long-term stability for investors.

FOR SALE DETAILS

PRICE

$1,435,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

Commercial

APN/PARCEL ID

24-06-23-0-002-012

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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