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Walgreens | 9+yrs Corp Abs NNN 1400 Gunter Ave 13,370 SF Retail Building Guntersville, AL 35976 $4,436,000 ($331.79/SF) 9.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 9+ Years Lease Term Remaining | Extensive Renewal Options | Corporate Tenant
  • Signalized, Hard Corner Intersection | Major Traffic Artery | Multiple Access Points
  • Absolute NNN Lease Structure | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong Tenant Synergy

EXECUTIVE SUMMARY

SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in an absolute NNN-leased Walgreens property located in Guntersville, Alabama. The tenant, Walgreen Co., is a wholly owned subsidiary of Walgreens Boots Alliance, one of the largest pharmacy operators in the U.S. The lease features more than nine years of primary term remaining, along with ten (10) additional five-year renewal options, providing excellent long-term income stability. With the tenant responsible for all expenses under an absolute triple-net structure, this asset offers a truly passive investment opportunity ideal for out-of-state or hands-off investors seeking durable cash flow backed by a national brand.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,370 SF
Building Class
B
Year Built
2010
Price
$4,436,000
Price Per SF
$331.79
Cap Rate
9.75%
NOI
$432,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.13 AC
Zoning
BG-1B - General Business
Parking
23 Spaces (1.72 Spaces per 1,000 SF Leased)
Frontage
265’ on Gunter Ave

AMENITIES

  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Cadence Bank
Huddle House
Piggly Wiggly
Food Giant Supermarket
Regions Bank
Waffle House
Another Broken Egg Cafe
Publix

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 150210-4-004-072000
  • 150210-4-004-070000
  • 150210-4-004-071000
  • 150210-4-004-072001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$310,200
  • Listing ID: 37143838

  • Date on Market: 8/6/2025

  • Last Updated:

  • Address: 1400 Gunter Ave, Guntersville, AL 35976

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