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1218 University Blvd
Tuscaloosa, AL 35401
CVS · Retail Property For Sale
Investment Highlights
- Newly built
- Highly-leveraged zero cash flow investment
- New NNN 25-year lease with 10 five-year extensions
- Perfect 1031 exchange asset
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,402 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Lot Size
0.32 AC
Zoning
BN
Parking
20 Spaces (1.92 Spaces per 1,000 SF Leased)
Frontage
87’ on University Blvd
About 1218 UNIVERSITY BLVD , TUSCALOOSA, AL 35401
Rare opportunity to acquire a newly-built CVS Pharmacy on the campus of the University of Alabama, with over 38,000 students 3.901% loan that fully amortizes prior to the expiration of the lease and contains pay-down/re-advance feature, allowing an investor to meet a larger exchange requirement and purchase the asset for limited equity
Property Taxes
| Parcel Number | 31-06-23-2-002-009.000 | Improvements Assessment | $291,280 |
| Land Assessment | $18,100 | Total Assessment | $309,380 |
Property Taxes
Parcel Number
31-06-23-2-002-009.000
Land Assessment
$18,100
Improvements Assessment
$291,280
Total Assessment
$309,380
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