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    100 Fieldstown Rd Gardendale, AL 35071

    Sponsored
    For Sale
    $4,400,000

    High-yield Walgreens Net Lease Investment

    Property size:
    14,490 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a 14,490-square-foot Walgreens pharmacy in Gardendale, Alabama, built in 2001. This single-tenant, freestanding property sits on a 1.3-acre lot and boasts a prominent location with high visibility and accessibility. The property is subject to a 60-year Double Net (NN) lease with Walgreens Boots Alliance, an S&P-rated "BB" investment-grade corporate guarantor, providing significant long-term stability. The current lease term expires October 31, 2026, with tenant renewal options extending through October 31, 2061. The annual net operating income (NOI) is $376,000, resulting in an 8.55% cap rate. The asking price is $4,400,000, translating to a price per square foot of $303.66. Convenient amenities include a drive-thru pharmacy and 54 parking spaces. The property's strategic location near other major retailers like Publix, Chick-fil-A, and Walmart, within a densely populated area, ensures consistent customer traffic and strong long-term prospects. This investment offers a compelling combination of secure income, significant lease term, and a prime location in a thriving market. The property's strong tenant, favorable lease terms, and attractive financial metrics make it an ideal addition to any commercial real estate portfolio.

    Property Features for 100 Fieldstown Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,490 SF
    Lot Size
    56,628 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1

    HighLights

    • 14,490 SF Walgreens in Gardendale, AL, built in 2001.
    • $4,400,000 purchase price.
    • Net Lease with Walgreens Boots Alliance (S&P: BB‑rated) expiring 10/31/2061, with tenant options.
    • 8.55% cap rate.
    • $303.66 price per square foot.
    • 1.3‑acre lot with drive‑thru and 54 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Redbox Movie Rental Kiosk Western Union Money Transfer Service Walgreens Drug Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gardendale
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.811080710176
    Latitude
    33.651745658361

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens Net Lease Investment
    Where is this individual retail property located?
    The property is located at 100 Fieldstown Rd Gardendale, AL.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: 14,490 SF Walgreens in Gardendale, AL, built in 2001.; $4,400,000 purchase price.; Net Lease with Walgreens Boots Alliance (S&P: BB-rated) expiring 10/31/2061, with tenant options.
    Request Owner's contact information
    100 Fieldstown Rd Gardendale, AL 35071
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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
    100 Fieldstown Rd Gardendale, AL 35071
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