NN Walgreens in Bessemer,
1815 9th Ave N, Bessemer, AL 35020
For Sale
Contact for pricing
NN Walgreens for sale in a growing Alabama market.
Property Size15,120 SF
Price / SF$211.64
Days on Market229
Property Features for 1815 9th Ave N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Exclusive Realty
Listed By:
Steve Sagmani · License MI #6502426558
(248) 833-6601
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 8 at 6:42AM
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 Exclusive Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This NN Walgreens property is located on 9th Avenue North in Bessemer, Alabama, southwest of Birmingham. The property, with a size of 15120 square feet, is situated in a well-established commercial corridor. The location benefits from consistent traffic and proximity to schools and medical facilities. The property is tenanted by a nationally recognized, investment-grade Walgreens, secured by a long-term NNN lease. This offers investors stable, passive income in a proven Alabama market.
Key Highlights
- Long‑term NNN lease with Walgreens provides stable, passive income.
- Strategically located on 9th Avenue North in a well‑established commercial corridor in Bessemer, Alabama.
- High visibility and consistent traffic flow.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,237
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,524,740
$4.5M
Cap Rate 7%
$3,231,957
$3.2M
Cap Rate 9%
$2,513,744
$2.5M
Market Conditions
NOI Build-Up for 15,120 SF
Gross rent
$313.9K $20.76/SF
− Vacancy
−$12.2K −$0.81/SF
EGI
$301.6K $19.95/SF
− OpEx
−$75.4K −$4.99/SF
NOI
$226.2K $14.96/SF
Area
Jefferson County, AL
Vacancy
3.90%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,524,740
Cap Rate 7%
$3,231,957
Cap Rate 9%
$2,513,744
Alternative Uses
Best Use
Specialty Retail
$3.23M
$2.83M – $3.77M
NOI $226,237 @ 7.0% cap · market cap 7.07%
Second Best
Retail
$3.02M
$2.64M – $3.52M
NOI $211,155 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$5.20M
$4.55M – $6.07M
NOI $364,111 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35020, AL
24,213
Population
12,327
Households
2
Avg Household Size
40
Median Age
10%
College-Educated
82%
High-School Grad
16.6 sq mi
ZIP Area
1,459
Density / Sq Mi
$33,247
Median Household Income
$27,762
Median Earnings
$856
Median Rent
$90,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- CVS Pharmacy — 901 9th Ave N, Bessemer, AL 35020
- Adria Neely — 901 9th Ave N, Bessemer, AL 350205308
- Pharmacy PX — Bessemer, AL 35020
- Tina M. Sfakianos, RPH — 230 19th St N, Bessemer, AL 35020, United States
- Collie E. Ray, RPh — 230 19th St N, Bessemer, AL 35020, United States
Frequently Asked Questions
What type of property is this?
Drug store - NN Walgreens for sale in a growing Alabama market.
Where is this drug store located?
The property is located at 1815 9th Ave N Bessemer, AL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Long‑term NNN lease with Walgreens provides stable, passive income.; Strategically located on 9th Avenue North in a well‑established commercial corridor in Bessemer, Alabama.; High visibility and consistent traffic flow.
