1815 9th Ave N
Bessemer, AL 35020
Walgreens | 24 Hr | Highest Cap Avail on Mkt · Retail Property For Sale

Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a Walgreens in Bessemer (Birmingham), Alabama. This Walgreens is a 24-hour store and 24-hour pharmacy reporting solid sales and has approximately 3.75 years left on the initial lease term with eight (5-year) options to follow. Next option begins March 30, 2021. This location is the only Walgreens or CVS within a nine-mile radius that is open 24 hours. This is a double net lease with landlord responsible for roof and structure. Within four miles of the subject property are several large employers including; Piggly Wiggly Distributing Alabama' s 450,000 square foot distribution and operations facility, Dollar General' s 106-acre distribution center, and US Pipe & Foundry plant employing over 500 personnel. There are also two hospitals near the subject property; Medical West Hospital with acute care and 301 beds and Pediatrics West Children' s Hospital. The subject property is located in the heart of Bessemer and is surrounded by numerous national and local retain tenants such as Walmart Supercenter, Lowe' s Home Improvement, Dollar Tree, Tractor Supply Co., Big Lots, Dollar General, Aldi, Wells Fargo, McDonald' s, Family Dollar, Sherwin Williams and more. Bessemer is in southwestern Jefferson County and is a suburb of Birmingham located just 18 miles to its southwest. The Birmingham-Hoover metropolitan area is the largest in the state and is home to over 1.1 million people. Bessemer sits strategically along I-59/20 and is centrally located to the economic centers of Birmingham, Hoover, Tuscaloosa and Vance. Listed in association with BUR Commercial AL DRE Lic. QBLN 000061104-1