227 College St, Columbiana, AL 35051-9724

This exceptional investment opportunity presents a 13,992 square-foot CVS Pharmacy situated on a 2.51-acre lot in Columbiana, Alabama, within the Birmingham MSA. Built in 2010, the property boasts a 25.1-year absolute NNN lease with CVS Pharmacy, a credit-rated tenant, leaving 11.2 years remaining on the primary term, plus ten 5-year renewal options. The lease commenced December 17, 2010, and expires January 31, 2036. The property generates a substantial net operating income (NOI) of $275,476, representing a 6.50% cap rate on the $4,238,092 asking price, or $302.89 per square foot. The property enjoys 100% occupancy and benefits from a corporate guaranty. Strategically located at 227 W College St, Columbiana, AL 35051, the property benefits from high traffic counts (20,400 vehicles per day) at the intersection of West College Street and SR 25. Nearby national tenants include Piggly Wiggly, O'Reilly Auto Parts, McDonald's, Regions Bank, Dollar Tree, Circle K, and NAPA Auto Parts. The property's proximity to the Shelby County Sheriff's Office & Training Center and the Columbiana Sports Complex further enhances its visibility and desirability. Limited competition exists within a 13-mile radius, and the average annual household income within a seven-mile radius exceeds $80,000. This presents a secure, long-term investment with a strong tenant and excellent location. Rent bumps are included in the lease.