CVS 2000 Center Point 10,195 SF Retail Building Birmingham, AL 35215 $2,000,000 ($196.17/SF) 13.71% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Lease
- Investment Grade Credit
- High Traffic Counts
- Zero Management Responsiblities
- Strategic Retail Location
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased CVS located at 2000 Center Point Parkway in Birmingham, Alabama (the “Property”). CVS has been at the Property since 2001 and recently exercised their first renewal option, demonstrating their commitment to the site and the market. CVS has 4+ years remaining on their lease with nine (9), 5-year renewal options. The Property is situated on a highly visible corner parcel at the signalized intersection of 20th Avenue NW and Center Point Parkway (AL Route 75), the area’s primary commercial and commuter corridor. CVS enjoys outstanding visibility and frontage with two points of access and is surrounded by national and local retailers and restaurants that drive traffic to the area. Located in the northern portion of Birmingham, the Property lies in the heart of a densely populated residential neighborhood that provides a captive customer base. The Property is 12-miles from Birmingham’s Central Business District.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,195 SF
Building Class
C
Year Built
2001
Price
$2,000,000
Price Per SF
$196.17
Cap Rate
13.71%
NOI
$274,238
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.51 AC
Zoning
C1
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- CVS
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| CVS | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-00-18-3-007-002.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $118,420 |
