32815 Us-280 Childersburg, AL 35044
- Retail properties
- 11,654 SF
- 1.22 lot acres
Current Use by Public Records
- Retail properties
Property Details for 32815 Us-280
- Lot size
- 1.22 lot acres
- Property size
- 11,654 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a 11,654 square foot, single-story CVS Pharmacy building situated on a 1.22-acre lot in Childersburg, Alabama. Located on US-280, a major thoroughfare with approximately 26,198 vehicles daily, this property boasts high visibility and consistent traffic. The property, built in 2005, features a drive-thru pharmacy and ample parking, and enjoys a 100% occupancy rate with a lease extending to 2031. The strong financial performance is reflected in a 9.99% cap rate and a net operating income (NOI) of $171,696, with an asking price of $1,717,969 ($147.41/sq ft). The property benefits from its location in a thriving retail area, surrounded by complementary businesses such as Piggly Wiggly, Family Dollar, and a new Tractor Supply. The surrounding area's demographics are favorable, with a population of 8,851 and a median household income of $59,521 within a 5-mile radius. Childersburg's diverse economy, anchored by major employers in manufacturing, contributes to the area's economic stability and potential for continued growth. The city's commitment to economic development initiatives further enhances the long-term prospects of this investment. This is a rare opportunity to acquire a well-established, high-performing retail asset in a growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Childersburg
- County
- Talladega
- State
- Alabama
- Longitude
- -86.3579
- Latitude
- 33.2763
