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Walgreens | 9+yrs Corp Abs NNN 1400 Gunter Ave 13,370 SF Retail Building Guntersville, AL 35976 $6,137,161 CAD ($459.02 CAD/SF) 9.75% Cap Rate

Drug Stores Alabama Guntersville 1400 Gunter Ave, Guntersville, AL 35976

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Investment Highlights

  • 9+ Years Lease Term Remaining | Extensive Renewal Options | Corporate Tenant
  • Signalized, Hard Corner Intersection | Major Traffic Artery | Multiple Access Points
  • Absolute NNN Lease Structure | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong Tenant Synergy

Executive Summary

SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in an absolute NNN-leased Walgreens property located in Guntersville, Alabama. The tenant, Walgreen Co., is a wholly owned subsidiary of Walgreens Boots Alliance, one of the largest pharmacy operators in the U.S. The lease features more than nine years of primary term remaining, along with ten (10) additional five-year renewal options, providing excellent long-term income stability. With the tenant responsible for all expenses under an absolute triple-net structure, this asset offers a truly passive investment opportunity ideal for out-of-state or hands-off investors seeking durable cash flow backed by a national brand.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,370 SF
Building Class
B
Year Built
2010
Price
$6,137,161 CAD
Price Per SF
$459.02 CAD
Cap Rate
9.75%
NOI
$598,359 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.13 AC
Zoning
BG-1B - General Business
Parking
23 Spaces (1.72 Spaces per 1,000 SF Leased)
Frontage
265’ on Gunter Ave

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

Links

1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Source: Local Logic®

Nearby Major Retailers

Cadence Bank
Huddle House
Piggly Wiggly
Food Giant Supermarket
Regions Bank
Waffle House
Another Broken Egg Cafe
Publix

Property Taxes

Parcel Numbers
Multiple
  • 150210-4-004-072000
  • 150210-4-004-071000
  • 150210-4-004-070000
  • 150210-4-004-072001
 Improvements Assessment $367,137 CAD
Land Assessment $18,521 CAD Total Assessment $433,117 CAD

Property Taxes

Parcel Numbers
Multiple
  • 150210-4-004-072000
  • 150210-4-004-071000
  • 150210-4-004-070000
  • 150210-4-004-072001
Land Assessment
$18,521 CAD
Improvements Assessment
$367,137 CAD
Total Assessment
$433,117 CAD
(917) 336-9067

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 37143838

  • Date on Market: 2025-08-06

  • Last Updated:

  • Address: 1400 Gunter Ave, Guntersville, AL 35976

The Retail Property at 1400 Gunter Ave, Guntersville, AL 35976 is currently available for Sale. Contact SRS National Net Lease for more information.

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Walgreens | 9+yrs Corp Abs NNN | 1400 Gunter Ave
(917) 336-9067 x

Walgreens | 9+yrs Corp Abs NNN | 1400 Gunter Ave

Nick Santagata
(917) 336-9067

Michael Grunberg
(646) 805-1438

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