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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2515 Crawford Rd Phenix City, AL 36867

14,418 SF 1.79 ac lot Built 2002
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple Walgreens located at 2515 Crawford Rd, Phenix City, AL 36867. The property boasts a substantial 14,418 square feet on a 1.79-acre lot, built in 2002. This prime retail location benefits from an ultra-high traffic count exceeding 40,000 vehicles daily, situated at the intersection of Hwy 280 and Hwy 80, major arteries leading into Columbus, GA. The property is a true NNN lease, eliminating all landlord responsibilities and providing a passive income stream. The tenant, Walgreens, is a highly reputable national chain, providing a strong financial guarantee. Reported sales for 2023 reached approximately $2,500,000, contributing to a robust net operating income (NOI) of $420,000 and a 10% capitalization rate. This Walgreens ranks as the #2 store within a 50-mile radius, placing it in the top 25% nationwide. The lease includes a preferred five-year option structure, offering long-term stability and predictable returns. The property is ideally located across the Chattahoochee River from Columbus, GA, a thriving MSA with significant employers including Pratt & Whitney, Aflac Insurance, and several major healthcare providers. This presents a rare opportunity to acquire a high-performing, low-maintenance investment property with exceptional growth potential in a strong market. The asking price is $4,200,000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2002
Total area 14,418 SF
Lot 1.79 ac (77,972 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walgreens Pharmacy
  • COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
  • Western Union Bank Credit Union
  • Rebecca A. Moulton, PharmD Pharmacy
  • Charles Cavanaugh Pharmacy
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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