Drug Store with In-Store
311 Pelham Rd S Jacksonville, AL 36265
311 Pelham Rd S, Jacksonville, AL, 36265
Contact for pricing
For Sale
Contact for pricing
Pending
Walgreens drug store with an in-pharmacy LabCorp patient service component under a new 15-year absolute net lease.
Days on Market102
Property Features for 311 Pelham Rd S
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Pharma Property Group
(619) 297-0055
Listed by
Jason Pongsrikul · License #CA 01918332
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 6:49PM Checked: Jul 20 at 6:49PM
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.
Walgreens pharmacy property at 311 Pelham Rd S in Jacksonville, Alabama, offered for sale. The store has agreed to a new 15-year absolute net lease with no landlord responsibilities whatsoever. Lease terms include 5% rental increases every 5 years during the initial term and in each of the 12 (5-year) options.
The property is identified as one of only seven LabCorp Walgreens locations in Alabama. These select Walgreens locations are part of LabCorp’s network of nearly 2,000 patient service centers, allowing additional testing locations within the pharmacy area in a secure and comfortable environment.
The property is located less than a mile away from Jacksonville State University’s 459-acre campus. The remarks also note planned campus improvements in 2024, including a North Village Residence Hall with 500+ bed suites, a new dining hall, and a football complex with 24,000 seating capacity.
The property is identified as one of only seven LabCorp Walgreens locations in Alabama. These select Walgreens locations are part of LabCorp’s network of nearly 2,000 patient service centers, allowing additional testing locations within the pharmacy area in a secure and comfortable environment.
The property is located less than a mile away from Jacksonville State University’s 459-acre campus. The remarks also note planned campus improvements in 2024, including a North Village Residence Hall with 500+ bed suites, a new dining hall, and a football complex with 24,000 seating capacity.
Key Highlights
- Walgreens at 311 Pelham Road South in Jacksonville, Alabama
- New 15‑year absolute net lease with no landlord responsibilities
- 5% rental increases every 5 years during the initial term and each of the 12 (5‑year) options
Property Analytics
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Adam Pike, PharmD
Pharmacy
Walgreens Pharmacy
Pharmacy
Labcorp at Walgreens
Diagnostic Center
FedEx OnSite
Postal Service
Similar For Sale Nearby
Similar Off Market Nearby
- Colvin James L — 7 Public Square E, Jacksonville, AL 36265
- Walgreens Pharmacy — 311 Pelham Rd S, Jacksonville, AL 36265
- Robert Slay Jr, RPh — 815 Pelham Rd S, Jacksonville, AL 36265
- Eddie J. Warren, RPh — 815 Pelham Rd S, Jacksonville, AL 36265
- Sunny L. Hawkins, PharmD — 815 Pelham Rd S, Jacksonville, AL 36265
FAQs
What type of property is this?
Drug store - Walgreens drug store with an in-pharmacy LabCorp patient service component under a new 15-year absolute net lease.
Where is this drug store located?
The property is located at 311 Pelham Rd S Jacksonville, AL.
What are key features of this property?
This property features: Walgreens at 311 Pelham Road South in Jacksonville, Alabama; New 15‑year absolute net lease with no landlord responsibilities; 5% rental increases every 5 years during the initial term and each of the 12 (5‑year) options
