Walgreens NNN
For Sale
Contact for pricing
879 Hwy 78 E, Sumiton, AL 35148
Freestanding drugstore leased under an absolute NNN structure at a signalized highway intersection.
Property Size14,465 SF
Price / SF$238.76
Days on Market151
Property Features for 879 Hwy 78 E
General Information
Standard status
Active
Size
14,465 SF
Total Parking Spaces
73
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$267,650
Additional Details
Corner Location
Yes
Building Details
Year Built
2008
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE - Atlanta
(404) 504-7893
Listed By:
Brian Pfohl · License #GA 349355
Source:
Crexi
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 7:05PM
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 CBRE - Atlanta
Investment Insights
Based on property information with market context.
The 14,465-square-foot Walgreens property was completed in 2008 and is subject to an absolute NNN lease. The primary term has been extended through 2038, with approximately 12.3 years remaining and eleven five-year renewal options.
The property occupies the signalized intersection of Highway 79 and Bryan Road in Sumiton, approximately 20 miles northwest of Birmingham. Reported traffic volumes are 15,450 VPD along Highway 79 and 5,040 VPD along Bryan Road. The recorded address is 879 Hwy 78 E, Sumiton, AL 35148.
The property occupies the signalized intersection of Highway 79 and Bryan Road in Sumiton, approximately 20 miles northwest of Birmingham. Reported traffic volumes are 15,450 VPD along Highway 79 and 5,040 VPD along Bryan Road. The recorded address is 879 Hwy 78 E, Sumiton, AL 35148.
Key Highlights
- Walgreens property totaling 14,465 square feet
- Absolute NNN lease extended through 2038
- Approximately 12.3 years of primary term remaining
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 43%
Shops & Services 27%
Dining 24%
Electronics 4%
Walmart
Superstores
49,795 visits/mo
0.2 miles
Murphy USA
Shops & Services
17,937 visits/mo
0.1 miles
Taco Bell
Dining
12,135 visits/mo
0.1 miles
SONIC Drive In
Dining
10,106 visits/mo
0.2 miles
Dollar General
Shops & Services
8,862 visits/mo
0.3 miles
Demographics for 35148, AL
2,653
Population
1,226
Households
2.2
Avg Household Size
44
Median Age
10%
College-Educated
86%
High-School Grad
6.2 sq mi
ZIP Area
428
Density / Sq Mi
$56,115
Median Household Income
$41,172
Median Earnings
$765
Median Rent
$145,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding drugstore leased under an absolute NNN structure at a signalized highway intersection.
Where is this nnn property located?
The property is located at 879 Hwy 78 E Sumiton, AL.
What is the asking price?
The asking price for this property is $3,453,600.
What are key features of this property?
This property features: Walgreens property totaling 14,465 square feet; Absolute NNN lease extended through 2038; Approximately 12.3 years of primary term remaining
