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Walgreens: Sumiton, AL 879 Highway 78 14,465 SF Retail Building Sumiton, AL 35148 $3,453,600 ($238.76/SF) 7.75% Cap Rate
Investment Highlights
- Major tenants proximate to the site (O'Reilly, Little Caesar's, Walmart, T-Mobile, Dominos, Taco Bell, Mavis Tires & Brakes, etc)
- 20 miles northwest of downtown Birmingham
- Near traffic drivers (Dora High School, Horse Creek Golf Course, Sumiton Elementary, Sumiton City Park)
Executive Summary
Located approximately 20 miles northwest of Birmingham, Walgreens is positioned at the hard-corner, signalized intersection of Highway 79 (15,450 VPD) and Bryan Road (5,040 VPD). 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
14,465 SF
Building Class
C
Year Built
2008
Price
$3,453,600
Price Per SF
$238.76
Cap Rate
7.75%
NOI
$267,654
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.23 AC
Zoning
SF
Parking
71 Spaces (4.91 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-02-10-4-000-014-0000 | Improvements Assessment | $0 |
| Land Assessment | $30,000 | Total Assessment | $30,000 |
Property Taxes
Parcel Number
24-02-10-4-000-014-0000
Land Assessment
$30,000
Improvements Assessment
$0
Total Assessment
$30,000
Contacts
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Ty Grenier -
Christopher Decoufle -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
CBRE
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Videos
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Photos
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Walgreens: Sumiton, AL | 879 Highway 78
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