Walgreens

INVESTMENT HIGHLIGHTS

• DARK LOCATION & CORPORATE GUARANTEE – There are a ±4 years remaining on the lease with nearly $1.2M of remaining rent which is guaranteed by Walgreens Corporate. Walgreens is ranked #27 on the Fortune 500 list as of January 2025.
• ABSOLUTE NNN – This lease offers zero landlord responsibilities ideal for an investor looking for an extremely passive and secure investment. The roof of this property was also replaced around 2014.
• EXCELLENT VISIBILITY & TRAFFIC COUNTS – This property is easily seen, as it is situated on the hard corner of Center Point Parkway (±25,000 VPD) and 23rd Ave NE (± 5,000 VPD) which are both major thoroughfares that run through Birmingham.
• NEARBY NATIONAL RETAILERS – Firestone, Davita Kidney Care, Dollar Tree, Dollar General, Regions Bank, Auto Zone, Family Dollar, Taco Bell, Advance Auto Parts, Chick-fil-A, Walmart, USPS, Popeyes, and many national automotive dealerships.
• BIRMINGHAM – HOOVER MSA – With over 1,150,000 residents, the Birmingham Hoover MSA is the most populous metro of Alabama.