Building Details

Year Built 2010

Buildings 1

Tenancy Single

Listing Agency: The Boulder Group

Listed By: Randy Blankstein · License #IL 471005983 Show Phone

Source: Crexi

Added: Apr 11 Changed: Oct 15 Last Checked: Oct 16 at 6:27AM

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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 The Boulder Group

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Investment Insights

Based on property information with market context.

This single-tenant CVS Pharmacy property includes a 13,992-square-foot building occupied by CVS since 2010. The triple-net lease extends through January 2036 and includes ten 5-year renewal options, along with a corporate guaranty. The lease structure places no landlord responsibilities under the stated terms.

The property sits at the intersection of West College Street and SR 25 in Columbiana, within the Birmingham MSA. The two intersecting roads generate a combined traffic count of 20,400 vehicles per day. Nearby commercial activity includes Piggly Wiggly, O’Reilly Auto Parts, McDonald’s, Regions Bank, Dollar Tree, Circle K, and NAPA Auto Parts. The site is also near the Shelby County Sheriff’s Office & Training Center and Columbiana Sports Complex. The nearest national competitor is located over 13 miles north.

Key Highlights

• CVS has operated at the property since 2010
• 13,992‑square‑foot single‑tenant pharmacy building
• Triple‑net lease runs through January 2036

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$151,428

Cap Rate

3.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,028,560 $3.0M

Cap Rate 7%

$2,163,257 $2.2M

Cap Rate 9%

$1,682,533 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,992 SF

Gross rent

$218.3K $15.60/SF

− Vacancy

−$16.4K −$1.17/SF

EGI

$201.9K $14.43/SF

− OpEx

−$50.5K −$3.61/SF

NOI

$151.4K $10.82/SF

Area

Shelby County, AL

Vacancy

7.50%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,028,560

Cap Rate 7%

$2,163,257

Cap Rate 9%

$1,682,533

Alternative Uses

Best Use

Specialty Retail

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $151,428 @ 7.0% cap · market cap 3.57%

Second Best

Retail

$1.88M

$1.65M – $2.20M (±1% cap)

NOI $131,784 @ 7.0% cap · market cap 3.11%

Theoretical Best

Office A

$3.28M

$2.87M – $3.83M (±1% cap)

NOI $229,894 @ 7.0% cap · market cap 5.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

CVS Photo (Bike/Boat/Book/etc) Store CVS Pharmacy Coinhub Bitcoin ATM ... Atm UPS Access Point ... Courier Service CVS Pharmacy Pharmacy

Suggested Use

Top Pick Building Supply Furniture & Home Goods Dental Office Bakery Skin Care Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20,400 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

406

Businesses Nearby

Explore this area Business Placement

Demographics for 35051, AL

9,173

Population

3,480

Households

2.6

Avg Household Size

41

Median Age

20%

College-Educated

84%

High-School Grad

101.4 sq mi

ZIP Area

90

Density / Sq Mi

$73,682

Median Household Income

$44,384

Median Earnings

$879

Median Rent

$248,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

NNN property - Single-occupant pharmacy building with a long-term triple-net lease and corporate guaranty.

Where is this nnn property located?

The property is located at 227 W College St Columbiana, AL.

What is the asking price?

The asking price for this property is $4,238,092.

What are key features of this property?

This property features: CVS has operated at the property since 2010; 13,992‑square‑foot single‑tenant pharmacy building; Triple‑net lease runs through January 2036