100 Fieldstown Rd Gardendale, AL 35071
NN leased Walgreens in Gardendale, AL with drive-thru.
Property Features for 100 Fieldstown Rd
General Information
- Standard status
- Active
- Size
- 14,490 SF
- Lot size
- 1.30 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing office Zeustra Healthcare Real Estate Advisors (888) 737-2264
Listing date Nov 20, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Leased to Walgreens with an S&P‑rated "BB" investment‑grade corporate guaranty
- High‑traffic intersection location ensures excellent visibility and accessibility
- 60‑year Double Net (NN) lease with options and an annual rent of $376,000
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $300.8k | $20.76 |
| − Vacancy | −$11.7k | −$0.81 |
| EGI | $289.1k | $19.95 |
| − OpEx | −$72.3k | −$4.99 |
| NOI | $216.8k | $14.96 |
