1904 Cobbs Frd Rd Prattville, AL 36066-7712

This exceptional investment opportunity presents a 12,853 square foot CVS Pharmacy located on a 1.37-acre lot at a high-traffic signalized corner in Prattville, Alabama. The property boasts a strong retail corridor within a large trade area, experiencing 45,000 cars per day at the intersection. Built in 2013, this single-tenant, absolute NNN ground lease offers a substantial remaining term of 14 years, extending to 2039, with eight 5-year options, each including a 5% rent increase. The current annual net operating income (NOI) is $167,200, representing a 5.25% cap rate on the asking price of $3,185,000. This investment-grade tenant provides zero landlord responsibilities, making it an attractive, low-maintenance asset. The below-market rent and unique lease terms, including rent bumps in both the primary term and options, present a compelling opportunity for long-term, passive income generation in a growth market. The property's location and the tenant's strong creditworthiness combine to create a secure and profitable investment. This is a rare opportunity to acquire a long-term, absolute NNN ground lease with a nationally recognized tenant in a prime retail location.