Absolutely NNN-Leased Drugstore
9151 MOFFETT RD Semmes, AL 36575
9151 MOFFETT RD, Semmes, AL, 36575
Contact for pricing
For Sale
Contact for pricing
Built in 1999, the retail building is offered fee simple and 100% leased to CVS Health under an absolute NNN structure.
Property Size10,260 SF
Lot Size1.38 Acres
Price / SF$139.86
Days on Market88
Property Features for 9151 MOFFETT RD
General Information
- Standard status
- Active
- Size
- 10,260 SF
- Lot size
- 1.38 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing agency
Lee & Associates San Diego - Carlsbad
(760) 519-0240
Listed by
Ryan Bennett · License #CA 01826517
Source
Crexi
Added: Apr 25 Updated: Jul 21 at 5:15AM Checked: Jul 21 at 5:15AM
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 Lee & Associates San Diego - Carlsbad
Investment Insights
Based on property information with market context.
The property consists of a 10,260 square foot retail building built in 1999, situated on approximately 1.38 acres, and offered fee simple. The asset is 100% leased to CVS Health Corporation.
The lease is structured as an absolute NNN agreement, described in the offering as providing zero landlord responsibilities. CVS Health Corporation is identified as an investment-grade tenant with an S&P rating of BBB.
For investors, this is a stabilized, single-tenant retail asset with long-term operational continuity tied to CVS Health under the absolute NNN framework.
The lease is structured as an absolute NNN agreement, described in the offering as providing zero landlord responsibilities. CVS Health Corporation is identified as an investment-grade tenant with an S&P rating of BBB.
For investors, this is a stabilized, single-tenant retail asset with long-term operational continuity tied to CVS Health under the absolute NNN framework.
Key Highlights
- 10,260 SF retail building built in 1999 offered fee simple
- Approximately 1.38 acres
- 100% leased to CVS Health Corporation
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 | $153.9k | $15.00 |
| − Vacancy | −$10.0k | −$0.98 |
| EGI | $143.9k | $14.03 |
| − OpEx | −$36.0k | −$3.51 |
| NOI | $107.9k | $10.52 |
10,260 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.26M
NOI $135,804 @ 7.0% cap · market cap 9.46%
Second Best
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $107,922 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,952 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CDReload - Online Bitcoin ...
Currency Exchange Service
Redbox
Cinema
Buy Bitcoin
Crypto Atm
Leigh Ho
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- Walgreens Pharmacy — 9179 Moffett Rd, Semmes, AL 36575
- Leigh Ho — 9151 Moffett Rd, Semmes, AL 365755315
- Ruth A. Dean, RPh — 9082 Moffett Rd, Semmes, AL 36575
- CVS Pharmacy — 9151 Moffett Rd, Semmes, AL 36575
- Semmes Pharmacy — 8985 Moffett Rd, Semmes, AL 36575
FAQs
What type of property is this?
Drug store - Built in 1999, the retail building is offered fee simple and 100% leased to CVS Health under an absolute NNN structure.
Where is this drug store located?
The property is located at 9151 MOFFETT RD Semmes, AL.
What is the asking price?
The asking price for this property is $1,435,000.
What are key features of this property?
This property features: 10,260 SF retail building built in 1999 offered fee simple; Approximately 1.38 acres; 100% leased to CVS Health Corporation
