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    2307 Center Point Pkwy Birmingham, AL 35215

    For Sale
    $2,790,909

    Corporate guaranteed NNN lease with excellent visibility in Birmingham.

    Property size:
    14,916 SF
    Lot size:
    2.05 Acres

    Property Features for 2307 Center Point Pkwy

    General Information

    Size
    14,916 SF
    Lot size
    2.05 Acres

    Source: Matthews Real Estate Investment Services - Orange County Agent Tarik Fattah

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Birmingham Retail NNN Opportunity

    This property, located on the hard corner of Center Point Parkway and 23rd Ave NE in Birmingham, offers excellent visibility with traffic counts of approximately 25,000 vehicles per day on Center Point Parkway and approximately 5,000 vehicles per day on 23rd Ave NE. The property has a corporate guarantee from Walgreens, ranked #27 on the Fortune 500 list as of January 2025, with approximately 4 years remaining on the lease and nearly $1.2M of remaining rent. The lease is an absolute NNN lease, offering zero landlord responsibilities. The roof of this property was replaced around 2014. The property is located near 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. The Birmingham Hoover MSA has over 1,150,000 residents.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Charles J. Garrison, RPH, Roy Attison, Susan Trammell

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.6832797
    Latitude
    33.6463344

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    FAQs

    What type of property is this?
    Drug store - Corporate guaranteed NNN lease with excellent visibility in Birmingham.
    Where is this drug store located?
    The property is located at 2307 Center Point Pkwy Birmingham, AL.
    What is the asking price?
    The asking price for this property is $2,790,909.
    What are key features of this property?
    This property features: - Corporate Guarantee: Lease guaranteed by Walgreens, ranked #27 on the Fortune 500.; - Absolute NNN Lease: Zero landlord responsibilities, offering a passive investment.; - Approximately 4 years remaining with nearly $1.2M of remaining rent.
    (925) 549-1155
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    2307 Center Point Pkwy Birmingham, AL 35215
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    Birmingham, AL 35215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2307 Center Point Pkwy Birmingham, AL 35215
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