Drug Store with In-Store
For Sale
Contact for pricing
Pending
311 Pelham Rd S, Jacksonville, AL 36265
Walgreens drug store with an in-pharmacy LabCorp patient service component under a new 15-year absolute net lease.
Property SizeContact for details
Days on Market118
Property Features for 311 Pelham Rd S
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Aug 5 at 3:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
Investment Insights
Based on property information with market context.
Walgreens pharmacy property at 311 Pelham Rd S in Jacksonville, Alabama, offered for sale. The store has agreed to a new 15-year absolute net lease with no landlord responsibilities whatsoever. Lease terms include 5% rental increases every 5 years during the initial term and in each of the 12 (5-year) options.
The property is identified as one of only seven LabCorp Walgreens locations in Alabama. These select Walgreens locations are part of LabCorp’s network of nearly 2,000 patient service centers, allowing additional testing locations within the pharmacy area in a secure and comfortable environment.
The property is located less than a mile away from Jacksonville State University’s 459-acre campus. The remarks also note planned campus improvements in 2024, including a North Village Residence Hall with 500+ bed suites, a new dining hall, and a football complex with 24,000 seating capacity.
The property is identified as one of only seven LabCorp Walgreens locations in Alabama. These select Walgreens locations are part of LabCorp’s network of nearly 2,000 patient service centers, allowing additional testing locations within the pharmacy area in a secure and comfortable environment.
The property is located less than a mile away from Jacksonville State University’s 459-acre campus. The remarks also note planned campus improvements in 2024, including a North Village Residence Hall with 500+ bed suites, a new dining hall, and a football complex with 24,000 seating capacity.
Key Highlights
- Walgreens at 311 Pelham Road South in Jacksonville, Alabama
- New 15‑year absolute net lease with no landlord responsibilities
- 5% rental increases every 5 years during the initial term and each of the 12 (5‑year) options
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
183k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 19%
Electronics 4%
Apparel 3%
Chick-fil-A
Dining
28,510 visits/mo
0.1 miles
McDonald's
Dining
22,421 visits/mo
0.3 miles
Whataburger
Dining
14,947 visits/mo
0.2 miles
Jack's Family Restaurants
Dining
14,360 visits/mo
0.2 miles
MAPCO Mart
Shops & Services
11,413 visits/mo
0.3 miles
Demographics for 36265, AL
22,018
Population
9,582
Households
2.3
Avg Household Size
30
Median Age
27%
College-Educated
89%
High-School Grad
98.1 sq mi
ZIP Area
224
Density / Sq Mi
$51,574
Median Household Income
$23,697
Median Earnings
$794
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Colvin James L — 7 Public Square E, Jacksonville, AL 36265
- Walgreens Pharmacy — 311 Pelham Rd S, Jacksonville, AL 36265
- Robert Slay Jr, RPh — 815 Pelham Rd S, Jacksonville, AL 36265
- Eddie J. Warren, RPh — 815 Pelham Rd S, Jacksonville, AL 36265
- Sunny L. Hawkins, PharmD — 815 Pelham Rd S, Jacksonville, AL 36265
Frequently Asked Questions
What type of property is this?
Drug store - Walgreens drug store with an in-pharmacy LabCorp patient service component under a new 15-year absolute net lease.
Where is this drug store located?
The property is located at 311 Pelham Rd S Jacksonville, AL.
What are key features of this property?
This property features: Walgreens at 311 Pelham Road South in Jacksonville, Alabama; New 15‑year absolute net lease with no landlord responsibilities; 5% rental increases every 5 years during the initial term and each of the 12 (5‑year) options
