CVS Drugstore with Absolute NNN
For Sale
Contact for pricing
303 Main St, Hanceville, AL 35077
Long-term pharmacy tenancy provides an absolute net lease with no landlord responsibilities and multiple renewal options.
Property SizeContact for details
Days on Market144
Property Features for 303 Main St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 4:35PM
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.
This freestanding CVS drugstore is offered with an absolute net lease structure, placing landlord responsibilities with the tenant. The initial lease term has approximately 16 years and 11 months remaining, followed by ten 5-year renewal options. CVS Corporation provides the income guarantee, and the property is expected to transfer free and clear of debt at closing.
The store occupies the main intersection in Hanceville, just off Highway 31, a primary north-south route from Birmingham. It is across from Hanceville Nursing & Rehab Center, a 208-bed facility with more than 260 staff members. Wallace State Community College is one mile to the south and serves over 7,000 students each semester, with a staff of 450. The property is the only national-brand drugstore within an eight-mile radius, while the nearest CVS is eight miles northwest.
The store occupies the main intersection in Hanceville, just off Highway 31, a primary north-south route from Birmingham. It is across from Hanceville Nursing & Rehab Center, a 208-bed facility with more than 260 staff members. Wallace State Community College is one mile to the south and serves over 7,000 students each semester, with a staff of 450. The property is the only national-brand drugstore within an eight-mile radius, while the nearest CVS is eight miles northwest.
Key Highlights
- CVS drugstore with approximately 16 years and 11 months remaining on the initial lease term
- Absolute net lease with no landlord responsibilities
- Ten 5‑year renewal options following the initial term
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35077, AL
13,813
Population
6,045
Households
2.3
Avg Household Size
42
Median Age
14%
College-Educated
79%
High-School Grad
150.2 sq mi
ZIP Area
92
Density / Sq Mi
$47,720
Median Household Income
$29,221
Median Earnings
$822
Median Rent
$157,000
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 — 303 Main St NE, Hanceville, AL 35077
- Blue & Gray Drugs Inc — 804 Main St NE, Hanceville, AL 35077
Frequently Asked Questions
What type of property is this?
Drug store - Long-term pharmacy tenancy provides an absolute net lease with no landlord responsibilities and multiple renewal options.
Where is this drug store located?
The property is located at 303 Main St Hanceville, AL.
What are key features of this property?
This property features: CVS drugstore with approximately 16 years and 11 months remaining on the initial lease term; Absolute net lease with no landlord responsibilities; Ten 5‑year renewal options following the initial term
