12275 Highway 231 | Meridianville, AL 35759
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- LoopNet Team
12275 Highway 231
Meridianville, AL 35759
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Commitment: Absolute NNN lease structure with 9.9 years remaining and no landlord responsibilities providing passive ownership
- Part of the Growing Huntsville Region: Huntsville/Madison has experienced steady population growth over the last decade
- Investment Grade Tenant: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P
- 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
- Demographics: Positioned at a signalized hard corner in a growing market of Huntsville MSA with AHHI in excess of $109,000 within 3 miles
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,225 SF
Building Class
C
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.77 AC
Parking
60 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 07-06-13-0-001-001.002 | Improvements Assessment | $205,820 |
| Land Assessment | $117,260 | Total Assessment | $323,080 |
PROPERTY TAXES
Parcel Number
07-06-13-0-001-001.002
Land Assessment
$117,260
Improvements Assessment
$205,820
Total Assessment
$323,080
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