Walgreens
14,560 SF | Retail Building | Birmingham, AL 35242 | $5,605,000 ($385/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,605,000
- Property Type
-
Retail
- Square Feet
- 14,560 SF
- Price / Square Foot
- $385
Listing Contacts
Eric Suffoletto
Verified Profile
David Hoppe
Verified Profile
Danny Griffin
Verified Profile
- Property Info
Property Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Walgreens located at 101 Doug Baker Blvd in Birmingham, AL. The offering is 14,560 SF and is a high visibility outparcel to the Village at Lee Branch, a retail power center anchored by Publix, Dicks Sporting Goods, Hobby Lobby, Golf Galaxy, and many other high quality tenants. The property sits at the hard corner to the signalized entrance of the shopping center and features frontage along US Highway 280 which sees over 80,000+ VPD. The subject property is located in the heart of an affluent, bustling, and rapidly growing community, with HH incomes of $160,000+ and with over 500 new construction single family homes and town homes within a few miles of the site. Walgreens pays $364,300 in annual rent, has occupied the site since it was built in 2003, and features high reported sales.
Property Details
- Class
- C
- Year Built
- 2003
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 88,427 SF
Highlights
- Excellent Exposure Along Main Thoroughfare
- Corporate Guarantee with Zero Landlord Responsibilities
- Highly Affluent Community
- Located in High Traffic Retail Corridor
- Desirable Investment Market Experiencing Unprecedented Growth
- Area Development
Nearby Properties
Similar Properties
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