CVS Drug Store
For Sale
Contact for pricing
4240 Narrow Lane Rd, Montgomery, AL 36111
The six-location portfolio is fully leased under net lease structures with long-term contractual occupancy.
Property SizeContact for details
Days on Market17
Property Features for 4240 Narrow Lane Rd
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Net Operating Income
$173,340
Building Details
Year Built
1998
Stories
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Mobile
(205) 871-5360
Listed By:
Andrew Chason · License #AL 000079317-0
Source:
Crexi
Added: Aug 14
Changed: Aug 27
Last Checked: Aug 29 at 5:23PM
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 Marcus & Millichap - Mobile
Investment Insights
Based on property information with market context.
This offering comprises six CVS drug store properties located in Dothan, Montgomery, Vestavia Hills, Hueytown, Huntsville, and Madison, Alabama. The assets may be acquired together or individually. Five properties carry comparable lease structures, while the Huntsville asset is offered as a leasehold interest. Alabama CVS Pharmacy, LLC occupies 100 percent of the portfolio, with a corporate guaranty from CVS Health Corporation. Remaining primary lease terms are approximately 12 to 14 years; five leases extend through 2038, and the Huntsville lease extends through 2040.
The properties use net lease structures under which tenants reimburse operating expenses, including taxes, insurance, and common area expenses. Parking lot repairs and replacement costs are also reimbursed on an amortized basis. Roof systems across all six properties were installed or replaced between 2018 and 2026, with manufacturer warranties ranging from 15 to 20 years. The Montgomery property is located at 4240 Narrow Lane Rd, Montgomery, AL 36111.
The properties use net lease structures under which tenants reimburse operating expenses, including taxes, insurance, and common area expenses. Parking lot repairs and replacement costs are also reimbursed on an amortized basis. Roof systems across all six properties were installed or replaced between 2018 and 2026, with manufacturer warranties ranging from 15 to 20 years. The Montgomery property is located at 4240 Narrow Lane Rd, Montgomery, AL 36111.
Key Highlights
- Six CVS drug store properties across Dothan, Montgomery, Vestavia Hills, Hueytown, Huntsville, and Madison, Alabama
- 100 percent leased to Alabama CVS Pharmacy, LLC
- Corporate guaranty provided by CVS Health Corporation
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36111, AL
12,793
Population
5,789
Households
2.2
Avg Household Size
38
Median Age
38%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$54,613
Median Household Income
$35,648
Median Earnings
$1,052
Median Rent
$152,000
Median Home Value
Market
Vacancy Rate% for Retail in Montgomery, AL
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Similar Off Market Nearby
- Nicole Davis — 4371 Narrow Lane Rd Suite 100, Montgomery, AL 361162975
- CVS Pharmacy — 4240 Narrow Lane Rd, Montgomery, AL 36111
- Baptist Tower Pharmacy — 2055 E South Blvd # 107, Montgomery, AL 36116
- Ann S. Markham, RPh — 2055 E South Blvd, Montgomery, AL 36116
Frequently Asked Questions
What type of property is this?
Drug store - The six-location portfolio is fully leased under net lease structures with long-term contractual occupancy.
Where is this drug store located?
The property is located at 4240 Narrow Lane Rd Montgomery, AL.
What is the asking price?
The asking price for this property is $2,626,364.
What are key features of this property?
This property features: Six CVS drug store properties across Dothan, Montgomery, Vestavia Hills, Hueytown, Huntsville, and Madison, Alabama; 100 percent leased to Alabama CVS Pharmacy, LLC; Corporate guaranty provided by CVS Health Corporation
