2515 Crawford Rd Phenix City, AL 36867

Property Details for 2515 Crawford Rd

Year built

2002

Lot size

1.79 lot acres

Property size

14,418 SF

Property type

Retail properties

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