2515 Crawford Rd, Phenix City, AL 36867

Property Details for 2515 Crawford Rd

Year built

2002

Lot size

1.79 lot acres

Property type

Retail properties & Spaces

Property subtype

Drug stores

Description

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.

Location Insight

City

Phenix City

County

Russell

State

Alabama

Longitude

-85.0292

Latitude

32.4745