CVS
13,225 SF | Retail Building | Meridianville, AL 35759 | $4,887,500 ($370/SF) | 6.90% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,887,500
- Property Type
-
Retail
- Square Feet
- 13,225 SF
- Price / Square Foot
- $370
Listing Contacts
Adam English
Verified Profile
Adam Baxter
Verified Profile
Jordan Williams
Verified Profile
Jordan Shtulman
Verified Profile
- Property Info
Property Details
- Class
- C
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Drug Store, Grocery/Convenience Store, Freestanding
- Lot Size (sq. ft)
- 77,101 SF
Highlights
- Long Term Commitment: Absolute NNN lease structure with 9.9 years remaining and no landlord responsibilities providing passive ownership
- Location: The property has strong underlying real estate fundamentals / located on US-431, directly across from Publix and has an ADT of 32,000+ cars
- Part of the Growing Huntsville Region: Huntsville/Madison has experienced steady population growth over the last decade
- Demographics: Positioned at a signalized hard corner in a growing market of Huntsville MSA with AHHI in excess of $109,000 within 3 miles
- Investment Grade Tenant: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P
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