7.75 Cap NNN Walgreens 5% Increases 3025 Allison Bonnett Memorial Dr 14,490 SF Retail Building Hueytown, AL 35023 $4,322,580 ($298.31/SF) 7.75% Cap Rate

Colliers is proud to present the property at 3025 Allison-Bonnett Memorial Drive, Hueytown (Birmingham), AL 35023. The property presents a premier investment opportunity in a high-performing retail asset. This 14,490-square-foot commercial property, located in the affluent retail submarket of Birmingham, is 100% leased to Walgreens, a leading national retailer. The tenant operates under a 15-year absolute NNN lease with approximately 12 years remaining, featuring zero landlord responsibilities and twelve 5-year renewal options, ensuring long-term income stability.
Walgreens’ commitment to this location is evidenced by a recently signed lease extension and a rare 5% rent increase every five years, a distinction reserved for the chain’s top-performing stores nationwide, reflecting exceptional sales performance. Strategically situated across from a dominant, Publix-owned shopping center, the property benefits from significant foot traffic and proximity to a leading grocery anchor. Positioned in Hueytown, a wealthy Birmingham suburb, the site is supported by strong demographics, with a population of 241,719 and an average household income of $76,502 within a 10-mile radius.