9151 Moffett Rd | Semmes, AL 36575
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9151 Moffett Rd
Semmes, AL 36575
CVS | Mobile MSA | 10 Yrs | $1.73M | NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Income guaranteed by CVS Corporate investment grade credit rating of BBB (S&P), Top 10 Fortune 500 Company with approximately 9,840 lo
- 20+ YEAR OPERATING HISTORY - The site has been a drugstore for over 20 years dating back to 1999.
- RENTAL INCREASES IN OPTIONS - The lease allows for 5% rental increases in the first 6 options.
- ABSOLUTE NET LEASE - Absolute net lease with CVS being responsible for all repairs. There are no landlord responsibilities whatsoever.
- NEW 10 YR EXTENSION - CVS recently agreed to a 10 year lease extension showing a strong commitment to this location.
- STRATEGICALLY LOCATED ACROSS FROM WALGREENS - Directly across the street from Walgreens making this a strategic location for CVS.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,260 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.38 AC
Zoning
Commercial
Parking
68 Spaces (8.77 Spaces per 1,000 SF Leased)
Frontage
320’ on Moffett Road
PROPERTY TAXES
| Parcel Number | 24-06-23-0-002-012 | Improvements Assessment | $232,260 |
| Land Assessment | $7,660 | Total Assessment | $239,920 |
PROPERTY TAXES
Parcel Number
24-06-23-0-002-012
Land Assessment
$7,660
Improvements Assessment
$232,260
Total Assessment
$239,920
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