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1401 Golden Springs Rd
Anniston, AL 36207
Walgreens: Anniston, AL · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease
- Proximate to I-20 Interchange
- 6.1 MSF of retail, 2.0 MSF of office, 5.7 MSF of industrial, 2,400 multifamily units and 1,514 hotel rooms within 5-miles
Executive Summary
Walgreens is positioned with excellent access and visibility on a hard corner at the signalized intersection of Greenbrier Dear Road (10,995 VPD) and US-431 (24,995 VPD). Additionally, the property is located near the I-20 interchange, providing regional accessibility to Birmingham (64.3 miles west) and Atlanta (85 miles east). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,618 SF
Building Class
B
Year Built
2008
Price
$3,774,600
Price Per SF
$277.18
Cap Rate
7.65%
NOI
$288,757
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.32 AC
Zoning
C - Commercial
Parking
56 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 21-05-22-0-001-041.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $308,620 |
Property Taxes
Parcel Number
21-05-22-0-001-041.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$308,620
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