CVS Absolute NNN
2000 Center Point Pkwy, Birmingham, AL 35215
Single-tenant CVS with over 3 years remaining on lease.
Type:Retail
Property size:
10,915 SFPrice / SF:
$174/SF- Added:
- Feb 4, 2026
- Days on Market:
- 142
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 2000 Center Point Pkwy
General Information
- Standard status
- Active
- Size
- 10,915 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing office Horvath & Tremblay
Listing date Feb 4, 2026
Source Crexi
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 Horvath & Tremblay
HighLights
- Absolute NNN Lease: Tenant (CVS) pays all.
- Strategic Location: Highly visible corner parcel at a signalized intersection.
- Primary Commercial Corridor: Situated on the area’s primary commercial and commuter corridor.
- Established Retail Area: Surrounded by national and local retailers and restaurants.
- Dense Residential Neighborhood: Located in the heart of a densely populated residential neighborhood.
- Remaining Lease Term: CVS has 3+ years remaining on their lease.
Overview
This single-tenant property is leased to CVS and located at 2000 Center Point Parkway in Birmingham, Alabama. CVS has over 3 years remaining on their absolute NNN lease and will continue to pay base rent and additional rent for the remainder of their primary lease term. The property is positioned on a highly visible corner parcel at the signalized intersection of 20th Avenue NW and Center Point Parkway (AL Route 75), a primary commercial and commuter corridor. The location offers outstanding visibility and frontage with two points of access. It is surrounded by national and local retailers and restaurants. Situated in the northern portion of Birmingham, the property is in a densely populated residential neighborhood. The property is 12 miles from Birmingham’s Central Business District. The building size is 10,915 square feet.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.5k | $18.00 |
| − Vacancy | −$15.7k | −$1.44 |
| EGI | $180.8k | $16.56 |
| − OpEx | −$45.2k | −$4.14 |
| NOI | $135.6k | $12.42 |
10,915 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.94M
$1.69M – $2.26M
NOI $135,564 @ 7.0% cap · market cap 7.13%
Second Best
Retail
$1.52M
$1.33M – $1.78M
NOI $106,677 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,338 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CVS
Pharmacy
CVS Pharmacy
Pharmacy
Redbox
Cinema
MoneyGram
Bank
Similar Places Nearby
- Charles J. Garrison, RPH — 1532 Huffman Rd, Center Point, AL 35215
- Roy Attison — 1532 Huffman Rd, Birmingham, AL 352155621
- Susan Trammell — 1532 Huffman Rd, Birmingham, AL 352155621
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.684113
- Latitude
- 33.6386824
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Single-tenant CVS with over 3 years remaining on lease.
Where is this drug store located?
The property is located at 2000 Center Point Pkwy Birmingham, AL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Absolute NNN Lease: Tenant (CVS) pays all.; Strategic Location: Highly visible corner parcel at a signalized intersection.; Primary Commercial Corridor: Situated on the area’s primary commercial and commuter corridor.
