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2041 E Main St
Dothan, AL 36301
Walgreens · Retail Property For Sale
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities and predictable cash flow
- Hard corner at E Main St & Hwy 431 with over ±51,500 VPD
- Proximity to Noland Hospital Dothan anchoring daily traffic and demand
- Walgreens operating at this location for over 20 years with multiple extension options
- 89th percentile among all Walgreens stores nationally per AlphaMap
- Essential, recession-resilient tenant with long-term operational history
Executive Summary
Hutt Cooke
License # 000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,129 SF
Building Class
B
Year Built
2003
Price
$3,311,111
Price Per SF
$272.99
Cap Rate
9%
NOI
$298,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.89 AC
Property Taxes
| Parcel Number | 10-04-20-3-001-004-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $377,480 |
Property Taxes
Parcel Number
10-04-20-3-001-004-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$377,480
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