1901 11Th Ave, Haleyville, AL 35565

Property Details for 1901 11Th Ave

Year built

2015

Lot size

1.30 lot acres

Property type

Retail properties & Spaces

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple, 12,111 square foot CVS Pharmacy in Haleyville, Alabama. Boasting a strong 5.75% cap rate and a substantial remaining lease term of 16.2 years (expiring 01/31/2041), this single-tenant, absolute NNN property offers significant passive income potential. Located on a hard corner lot (1.3 acres) at a major intersection on State Route 13, the property benefits from high visibility and convenient access. The lease includes rent bumps with options for flat increases or adjustments based on fair market value. The property's strategic location within a thriving retail corridor, near other national brands, a planned multi-family development, and major employers, including a large manufacturing facility and Lakeland Community Hospital, ensures consistent demand and long-term stability. The property is also conveniently located near recreational areas, schools, and other amenities. This is a rare opportunity to acquire a well-positioned, low-maintenance, high-performing retail investment with a blue-chip tenant. The property's strong financials, coupled with its prime location and long-term lease, make it an ideal addition to any diversified portfolio. The asking price is $3,808,296, with a price per square foot of $314.45 and a Net Operating Income (NOI) of $218,977. The property was built in 2015 and features a single story.

Location Insight

City

Haleyville

County

Marion

State

Alabama

Longitude

-87.6215

Latitude

34.2264