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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
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
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
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 U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $310,200 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$310,200
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Walgreens | 9+yrs Corp Abs NNN | 1400 Gunter Ave
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