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    32815 Us-280 Childersburg, AL 35044

    For Sale
    $1,717,969

    High-Yield Retail Property in Alabama

    Property size:
    11,654 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 11,654 square foot, single-story CVS Pharmacy building situated on a 1.22-acre lot in Childersburg, Alabama. Located on US-280, a major thoroughfare with approximately 26,198 vehicles daily, this property boasts high visibility and consistent traffic. The property, built in 2005, features a drive-thru pharmacy and ample parking, and enjoys a 100% occupancy rate with a lease extending to 2031. The strong financial performance is reflected in a 9.99% cap rate and a net operating income (NOI) of $171,696, with an asking price of $1,717,969 ($147.41/sq ft). The property benefits from its location in a thriving retail area, surrounded by complementary businesses such as Piggly Wiggly, Family Dollar, and a new Tractor Supply. The surrounding area's demographics are favorable, with a population of 8,851 and a median household income of $59,521 within a 5-mile radius. Childersburg's diverse economy, anchored by major employers in manufacturing, contributes to the area's economic stability and potential for continued growth. The city's commitment to economic development initiatives further enhances the long-term prospects of this investment. This is a rare opportunity to acquire a well-established, high-performing retail asset in a growing market.

    Property Features for 32815 Us-280

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,654 SF
    Lot Size
    53,143 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Childersburg, AL boasts a diverse economy anchored by major manufacturers like Resolute Forest Products, Nemak Alabama, and Koch Foods.
    • The city is experiencing steady growth fueled by economic development initiatives focused on affordable housing, improved public safety, and enhanced infrastructure.
    • Childersburg is actively attracting new businesses and supporting existing ones through workforce development and improved broadband access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Map

    City
    Childersburg
    County
    Talladega
    State
    Alabama
    Longitude
    -86.3579366
    Latitude
    33.27635

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Property in Alabama
    Where is this individual retail property located?
    The property is located at 32815 Us-280 Childersburg, AL.
    What is the asking price?
    The asking price for this property is $1,717,969.
    What are key features of this property?
    This property features: Childersburg, AL boasts a diverse economy anchored by major manufacturers like Resolute Forest Products, Nemak Alabama, and Koch Foods.; The city is experiencing steady growth fueled by economic development initiatives focused on affordable housing, improved public safety, and enhanced infrastructure.; Childersburg is actively attracting new businesses and supporting existing ones through workforce development and improved broadband access.
    (205) 903-0732
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    32815 Us-280 Childersburg, AL 35044
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    Childersburg, AL 35044
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32815 Us-280 Childersburg, AL 35044
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