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CVS Pharmacy 9151 Moffett Rd 10,260 SF Retail Building Semmes, AL 36575 $1,954,700 CAD ($190.52 CAD/SF) 7.25% Cap Rate
Investment Highlights
- CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) – Largest Pharmacy in the U.S. – Revenues of $372.8 Billion – #5 on Fortune 500
- Long Operating History – Demonstrated Tenant Commitment – 5% Rent Increases in Options – Multiple 10-Year Lease Extensions
- Perfect 1031 Exchange Candidate – Absolute-NNN Lease – Zero Landlord Responsibilities – Low Rent ($10 PSF) & Price Point – Provides Passive Ownership
- Strategic Retail Corridor – Hard-Corner Signalized Intersection – Located Directly Across from Aldi
Executive Summary
Lee & Associates and Bang Realty are pleased to present for sale a single-tenant CVS Pharmacy located at 9151 Moffett Road in Semmes, Alabama, within the Mobile MSA. The property consists of a 10,260 square foot retail building situated on approximately 1.38 acres and is offered fee simple. Built in 1999, the asset is 100% leased to CVS Health Corporation, an investment grade tenant (S&P: BBB), operating under an absolute NNN lease structure that provides zero landlord responsibilities.
CVS Health is the largest pharmacy operator in the United States, with over 9,000 locations nationwide and a strong corporate guarantee supporting the lease. The tenant has demonstrated long-term commitment to this location, operating at the site for over two decades with a lease extending through December 2030 and multiple five-year renewal options featuring 5% rental increases. The absolute NNN lease structure ensures passive ownership, while the below-market rent provides additional security and long-term stability for investors.
CVS Health is the largest pharmacy operator in the United States, with over 9,000 locations nationwide and a strong corporate guarantee supporting the lease. The tenant has demonstrated long-term commitment to this location, operating at the site for over two decades with a lease extending through December 2030 and multiple five-year renewal options featuring 5% rental increases. The absolute NNN lease structure ensures passive ownership, while the below-market rent provides additional security and long-term stability for investors.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,260 SF
Building Class
B
Year Built
1999
Price
$1,954,700 CAD
Price Per SF
$190.52 CAD
Cap Rate
7.25%
NOI
$141,716 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.38 AC
Zoning
Commercial
Parking
68 Spaces (8.77 Spaces per 1,000 SF Leased)
Frontage
320’ on Moffett Road
Amenities
- Signage
- Drive Thru
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-06-23-0-002-012 | Improvements Assessment | $254,424 CAD |
| Land Assessment | $10,434 CAD | Total Assessment | $264,858 CAD |
Property Taxes
Parcel Number
24-06-23-0-002-012
Land Assessment
$10,434 CAD
Improvements Assessment
$254,424 CAD
Total Assessment
$264,858 CAD
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CVS Pharmacy | 9151 Moffett Rd
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