Walgreens in Anniston,
For Sale
Contact for pricing
1401 Golden Springs Rd, Anniston, AL 36207
13,618 SF Walgreens on 2.32 acres for sale.
Property Size13,618 SF
Lot Size2.32 Acres
Price / SF$260.17
Days on Market169
Property Features for 1401 Golden Springs Rd
General Information
Standard status
Active
Size
13,618 SF
Lot size
2.32 Acres
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$288,756
Building Details
Year Built
2008
Tenancy
Single
Listing Agency:
CBRE - Atlanta
(404) 504-7893
Listed By:
Brian Pfohl · License #GA 349355
Source:
Crexi
Added: Mar 6
Changed: Aug 19
Last Checked: Aug 22 at 5:53AM
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 CBRE - Atlanta
Investment Insights
Based on property information with market context.
This offering features a 13,618-square-foot Walgreens situated on 2.32 acres in Anniston, Alabama, which is part of an MSA with a population of 114,730.
Key Highlights
- Walgreens is the tenant.
- Property size is 13,618 square feet.
- The lot size is 2.32 acres.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,778
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,435,560
$2.4M
Cap Rate 7%
$1,739,686
$1.7M
Cap Rate 9%
$1,353,089
$1.4M
Market Conditions
NOI Build-Up for 13,618 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$176.5K $12.96/SF
− Vacancy
−$14.1K −$1.04/SF
EGI
$162.4K $11.92/SF
− OpEx
−$40.6K −$2.98/SF
NOI
$121.8K $8.94/SF
Area
Calhoun County, AL
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,435,560
Cap Rate 7%
$1,739,686
Cap Rate 9%
$1,353,089
Alternative Uses
Best Use
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,778 @ 7.0% cap · market cap 3.44%
Second Best
Retail
$1.40M
$1.22M – $1.63M
NOI $97,804 @ 7.0% cap · market cap 2.76%
Theoretical Best
Healthcare Medical
$2.09M
$1.83M – $2.44M
NOI $146,550 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
102k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 35%
Shops & Services 15%
Winn-Dixie
Groceries
35,982 visits/mo
0.1 miles
McDonald's
Dining
31,549 visits/mo
0.0 miles
Burger King
Dining
19,312 visits/mo
0.1 miles
Dollar General
Shops & Services
11,709 visits/mo
0.2 miles
Regions Bank
Shops & Services
3,382 visits/mo
0.0 miles
Demographics for 36207, AL
19,553
Population
9,260
Households
2.1
Avg Household Size
44
Median Age
32%
College-Educated
90%
High-School Grad
74.8 sq mi
ZIP Area
261
Density / Sq Mi
$70,090
Median Household Income
$39,898
Median Earnings
$890
Median Rent
$195,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CVS Pharmacy — 1404 golden springs rd, anniston, al 36207
- David W. Henderson, RPH — 1408 Golden Springs Rd, Anniston, AL 36207
- Linda B. Hall, PharmD — 1408 Golden Springs Rd, Anniston, AL 36207
- Rhett Butler — 1401 Golden Springs Rd, Anniston, AL 362076923
- Walgreens Pharmacy — 1401 Golden Springs Rd, Anniston, AL 36207
Frequently Asked Questions
What type of property is this?
Drug store - 13,618 SF Walgreens on 2.32 acres for sale.
Where is this drug store located?
The property is located at 1401 Golden Springs Rd Anniston, AL.
What is the asking price?
The asking price for this property is $3,543,018.
What are key features of this property?
This property features: Walgreens is the tenant.; Property size is 13,618 square feet.; The lot size is 2.32 acres.
