100 Fieldstown Rd Gardendale, AL 35071

Exceptional investment opportunity: a 14,490-square-foot Walgreens pharmacy in Gardendale, Alabama, built in 2001. This single-tenant, freestanding property sits on a 1.3-acre lot and boasts a prominent location with high visibility and accessibility. The property is subject to a 60-year Double Net (NN) lease with Walgreens Boots Alliance, an S&P-rated "BB" investment-grade corporate guarantor, providing significant long-term stability. The current lease term expires October 31, 2026, with tenant renewal options extending through October 31, 2061. The annual net operating income (NOI) is $376,000, resulting in an 8.55% cap rate. The asking price is $4,400,000, translating to a price per square foot of $303.66. Convenient amenities include a drive-thru pharmacy and 54 parking spaces. The property's strategic location near other major retailers like Publix, Chick-fil-A, and Walmart, within a densely populated area, ensures consistent customer traffic and strong long-term prospects. This investment offers a compelling combination of secure income, significant lease term, and a prime location in a thriving market. The property's strong tenant, favorable lease terms, and attractive financial metrics make it an ideal addition to any commercial real estate portfolio.