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Walgreens | 9+yrs Corp Abs NNN 1400 Gunter Ave 13,370 SF Retail Building Guntersville, AL 35976 $6,076,033 CAD ($454.45 CAD/SF) 9.75% Cap Rate
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
Building Size
13,370 SF
Building Class
B
Year Built
2010
Price
$6,076,033 CAD
Price Per SF
$454.45 CAD
Cap Rate
9.75%
NOI
$592,400 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
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 Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $431,085 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$431,085 CAD
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Walgreens | 9+yrs Corp Abs NNN | 1400 Gunter Ave
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