CVS

12275 Highway 231, Meridianville, AL
Deal Type:
Net Lease
Price:
$4,887,500
Cap Rate:
6.90%
Current Rent:
$337,238
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 9.9 years
Renewal Options:
Six, 5-Year
Building Sq. Ft.:
13,225 SF
Rent Increases:
5% per option
Site Size:
1.77 Acres

Investment Highlights

  • Long Term Commitment: Absolute NNN lease structure with 9.9 years remaining and no landlord responsibilities providing passive ownership
  • Location: The property has strong underlying real estate fundamentals and is located on US-431, directly across from Publix and has an ADT of 32,000+ cars
  • Part of the Growing Huntsville Region: Huntsville/Madison has experienced steady population growth over the last decade
  • Demographics: Positioned at a signalized hard corner in a growing market of Huntsville MSA with average household incomes in excess of $109,000 within 3 miles
  • Investment Grade Tenant: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P

Listing Agents

Adam English

Managing Director
256 694 9803
[email protected]

Adam Baxter

Vice President
205 394 3520
[email protected]
Jordan Williams Stream Capital Partners

Jordan Williams

Senior Associate
205 209 5671
[email protected]

Broker of Record: Jonathan Wolfe, Lic. #000116991 – 0

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

    Are you a buyer or broker?

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.







    X

    Request Due Diligence Access

    Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

    If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to [email protected].

    Once we receive your NDA, we will contact you with login information.

    View/Download NDA in Word format

      If you have made changes to the Word version of the NDA, please attach it here

      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






      View All Listings