Walgreens
Single-Tenant Offerings
Walgreens
100 Fieldstown Road
Gardendale (Birmingham MSA), AL
- Price:
- $5,921,000
- Cap Rate:
- 6.35%
- NOI:
- $376,000
- Rentable SQFT:
- 14,490 SF
- Year Built:
- 2001
- Lot Size:
- 1.30 +/- Acres
- Lease Type:
- NN
- Status:
- Available
Investment Highlights
- Original Long-Term 25-Year Lease, 4+ Years Remaining
- Strong Unit-Level Sales, Consistent Year-Over-Year Growth
- Corporate Guaranty from Investment Grade Tenant (Rated BBB by S&P), Ranked 16th on Fortune 500
- Leading Pharmacy Store Chain in the U.S. with 9,270+ Locations
- Limited Landlord Responsibilities, Fee Simple Ownership
- Serving Approximately 78,000 Residents in Growing Suburb of Birmingham
- Gardendale is One of the Fastest Growing Towns in Jefferson County
- Average Household Income Exceeds $88,000 within 3 Miles
- Strategic Location, Less Than 1 Mile to UAB’s New $33.9 Million Emergency Department and Medical Complex
- Underserved Trade Area, Closest Walgreens is Approximately 12 Miles Away
- Hard Corner Location at Two Signalized Intersections with Over 54,000 Cars/Day
- Across from Foodland Grocery Anchored Center and Down the Street from a New Publix/Hobby Lobby/TJ Maxx Anchored Center
- Close Proximity to Several K-12 Schools with Over 4,000 Students
- Strong Daytime Population, Over 25,000 Employees in Primary Trade Area
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