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100 W Fort Williams St
Sylacauga, AL 35150
Walgreens · Retail Property For Sale

INVESTMENT HIGHLIGHTS
- Long-Term Commitment Through Sale-Leaseback
- Long Operating History with Solid Unit-Level Sales
- Established Retail Corridor of Sylacauga
- Rare, Absolute NNN Lease with Rental Escalations
- Proximity to Coosa Valley Medical Center
- Significantly Below Average Walgreens Rent PSF
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Walgreens located in Sylacauga, Alabama (“The Property”). The Property consists of a 14,620-square-foot freestanding retail building on a 1.63-acre parcel of land. Walgreens is operating under an Absolute NNN lease with zero landlord responsibilities, offering a truly passive investment asset. See Lease Abstract for full details.
The Property is located in Sylacauga, Alabama, part of the Birmingham Metropolitan Statistical Area (MSA)—a dynamic and growing region. This presents a unique opportunity to acquire real estate in a market with strong demographic and economic drivers. The Property benefits from proximity to the Sylacauga National Guard Armory, located just 2 miles away, which brings additional consumer traffic to the area. The Property features a competitively priced rent PSF of $15.92. Additionally, it is located 1 mile from the Coosa Valley Medical Center, a prominent 248-bed community health care facility, providing convenient access to a trusted pharmacy for patients, staff, and visitors. The Property is situated on West Fort Williams Street, a key commercial thoroughfare, and is within close proximity to N Broadway Avenue, another significant roadway in Sylacauga. Combined, these roads experience a traffic count of approximately 14,086 vehicles per day (VPD), creating high visibility and accessibility. Overall, the Property’s location in a primary retail corridor, its proximity to a major medical center and military base, and its accessibility from key commercial thoroughfares create strategic exposure to consumers and significant crossover shopping opportunities with neighboring tenants.
The Property is located in Sylacauga, Alabama, part of the Birmingham Metropolitan Statistical Area (MSA)—a dynamic and growing region. This presents a unique opportunity to acquire real estate in a market with strong demographic and economic drivers. The Property benefits from proximity to the Sylacauga National Guard Armory, located just 2 miles away, which brings additional consumer traffic to the area. The Property features a competitively priced rent PSF of $15.92. Additionally, it is located 1 mile from the Coosa Valley Medical Center, a prominent 248-bed community health care facility, providing convenient access to a trusted pharmacy for patients, staff, and visitors. The Property is situated on West Fort Williams Street, a key commercial thoroughfare, and is within close proximity to N Broadway Avenue, another significant roadway in Sylacauga. Combined, these roads experience a traffic count of approximately 14,086 vehicles per day (VPD), creating high visibility and accessibility. Overall, the Property’s location in a primary retail corridor, its proximity to a major medical center and military base, and its accessibility from key commercial thoroughfares create strategic exposure to consumers and significant crossover shopping opportunities with neighboring tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,620 SF
Building Class
B
Year Built
2007
Price
$4,999,541 CAD
Price Per SF
$341.97 CAD
Cap Rate
6.50%
NOI
$324,970 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.63 AC
Parking
48 Spaces (3.28 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 27-09-29-3-000-136.000 | Improvements Assessment | $307,672 CAD |
| Land Assessment | $45,787 CAD | Total Assessment | $353,459 CAD |
PROPERTY TAXES
Parcel Number
27-09-29-3-000-136.000
Land Assessment
$45,787 CAD
Improvements Assessment
$307,672 CAD
Total Assessment
$353,459 CAD
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