Walgreens

Net Lease

1649 Martin Street N, Pell City, Alabama

Ownership Type:

Fee Simple

Price:

$6,501,886

Cap Rate:

5.25%

Current Rent:

$341,349

Tenancy:

Single Tenant

Lease Type:

Triple Net

Lease Term:

15 years

Landlord Responsibilities:

None

Renewal Options:

12 x 5 year

Building Sq. Ft.:

14,479 SF

Rent Increases:

5% every 5 years

Site Size:

1.8 Acres

Investment Highlights

New 15 year lease extension with rare 5% rent increases
Absolute NNN – zero landlord responsibilities
Hard corner location with drive thru
Located within a strong retail corridor with national tenants including: Walmart, Home Depot, Chick fil A, Wendy’s, Buffalo Wild Wings, Arby’s, and Cracker Barrel
Visibility from Interstate 20
A mile from Jefferson State Community College – 8,900 students
Two miles from Ascension St. Vincent’s St. Clair Hospital

Ownership Type:

Fee Simple

Price:

$6,501,886

Cap Rate:

5.25%

Current Rent:

$341,349

Lease Type:

Triple Net

Lease Term:

15 years

Landlord Responsibilities:

None

Renewal Options:

12 x 5 year

Building Sq. Ft.:

14,479 SF

Rent Increases:

5% every 5 years

Site Size:

1.8 Acres

Listing Agents

Adam English

Managing Director
256.694.9803[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

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

Walgreens

Net Lease

Investment Highlights

Listing Agents

Adam English

Jordan Shtulman

You May Also Be Interested In

Request Due Diligence Access