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- LoopNet Team
1204 Brindlee Pkwy
Arab, AL 35016
CVS | New 20 Year Lease | No Rent Holiday · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Backed Long Term Lease – CVS signed a new 20 year lease underscoring their long term commitment to the site
- BBB Credit Rating by Standard & Poor’s – Tenant is publicly traded on the NYSE and reported annual revenues in excess of $209 billion in 2019
- Located Along Area’s Main Retail Corridor – Immediately south of Walmart with neighboring retailers including Tractor Supply, Dollar Tree and more
- Absolute Net Lease Structure – Zero landlord responsibilities for operating or capital expenses
- Hard Corner Location with Drive-Thru – Ideally positioned at the intersection of Brindlee Mountain Parkway and 12th Avenue Northwest
- Excellent Exposure Along Area’s Main Traffic Artery – Daily traffic counts along Brindlee Mountain Parkway exceed 14,300 vehicles
PROPERTY FACTS
ABOUT 1204 BRINDLEE PKWY , ARAB, AL 35016
The subject property is an 11,546 square foot CVS located in Arab, Alabama. CVS has shown long term commitment to the site having executed a new 20 year firm lease term which runs through 2039. The lease is structured with five percent rent increases between each of the four 5-year renewal options. The lease is absolute net providing for zero landlord responsibilities. CVS, which is publicly traded on the New York Stock Exchange under the ticker symbol “CVS”, has a current BBB credit rating by Standard & Poor’s and reported annual revenues in excess of $209 billion in 2019. Located at the intersection of Brindlee Mountain Parkway and 12th Avenue Northwest, the subject property is ideally positioned along the area’s main traffic and retail corridor. The site is located just south of Walmart with other surrounding retailers including Tractor Supply, Dollar Tree, McDonald’s, AutoZone, Advance Auto Parts and many more. Daily traffic counts along Brindlee Mountain Parkway exceed 14,300 vehicles.
PROPERTY TAXES
| Parcel Number | 130614-4-000-013002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $449,120 |
PROPERTY TAXES
