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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1901 11Th Ave Haleyville, AL 35565

12,111 SF 1.3 ac lot Built 2015
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2015
Total area 12,111 SF
Lot 1.3 ac (56,628 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
  • Senior Citizens Services Community Center
  • The Haleyville Swimming Pool Swimming Pool Family Recreation Center
  • CVS Photo (Bike/Boat/Book/etc) Store
  • LibertyX Bitcoin ATM Atm
  • Julie Murray Pharmacy
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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