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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

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

Corner Lot
Dedicated Turn Lane

Pylon Sign
Signage

Signalized Intersection

Drive Thru

Retailer
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.

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

PROPERTY TAXES

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

PROPERTY TAXES

Parcel Numbers

Multiple

150210-4-004-072000
150210-4-004-070000
150210-4-004-071000
150210-4-004-072001

Land Assessment

Improvements Assessment

Total Assessment

$310,200

(917) 336-9067

CONTACTS

Nick Santagata
Michael Grunberg
SRS National Net Lease

Listing ID: 37143838
Date on Market: 8/6/2025
Last Updated:
Address: 1400 Gunter Ave, Guntersville, AL 35976

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