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Absolute NNN Walgreens With 11 Years Base Remaining | Huntsville AL MSA

7155 U.S. 431, Albertville, Alabama 35950, USA Map

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Listing Price $6,099,000

Status Active
Lease Type Absolute Net
Property Type Retail
CAP Rate 6.31%
GLA (Sq. Ft.) 14,820
NOI $385,000
Lease Term Remaining 11 Years
Options Option to Terminate After 25 Year Base Lease and Every Year Thereafter
State (BOR) AL
Broker of Record Eddie Greenhalgh
License # (BOR) 00008-8298

Investment Highlights

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  • Subject is a Prime 14,820 Square-Foot Walgreens on a Highly Visible 1.97 Acre Lot with Exceptional Ingress/Egress, Drive-Thru and Ample Parking
  • Features Absolute NNN Lease with a 75-Year Base Term and Zero Landlord Responsibility | Eleven Years Remaining Until Option
  • Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Credit Rating of Baa2 (Stable) from Moody’s and Investment Grade Rating of BBB (Stable) from S&P
  • Well Established Retail Corridor | Nearby National Retailers Include: McDonald’s, AutoZone, O’Reilly Auto Parts, Dollar General, Hobby Lobby, Taco Bell, Dunkin’, T.J. Maxx, and Many Others
  • Affluent Bedroom Community in Huntsville MSA with an Average Household Income of Over $59K within Five Miles of the Subject Asset, as of 2020
  • Robust Traffic Counts on US-431 (34,320 Vehicles Per Day) and AL-75 (14,470 Vehicles Per Day), the Busiest Intersection in the County (Source: City of Albertville, 2018)
  • Subject is 52 Miles from Huntsville International Airport, Serving Over 700K Passengers Annually (Source: Bureau of Transportation Statistics)
  • Parks and Outdoor Recreational Facilities Nearby Include: US Space & Rocket Center, Sand Mountain Park & Amphitheater, Lake Guntersville, Gunter’s Landing, and Eagle’s Nest Golf Course

Investment Overview

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap and Limon Net Lease Group

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