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Property profile & analytics
FOR SALE
Drug stores

2313 Center Point Pkwy Birmingham, AL 35215

14,916 SF
Property ID
US03-Q019455
Property summary
AI-generated overview

DARK LOCATION & CORPORATE GUARANTEE – There are a ±4 years remaining on the lease with nearly $1.2M of remaining rent which is guaranteed by Walgreens Corporate. Walgreens is ranked #27 on the Fortune 500 list as of January 2025. ABSOLUTE NNN – This lease offers zero landlord responsibilities ideal for an investor looking for an extremely passive and secure investment. The roof of this property was also replaced around 2014. EXCELLENT VISIBILITY & TRAFFIC COUNTS – This property is easily seen, as it is situated on the hard corner of Center Point Parkway (±25,000 VPD) and 23rd Ave NE (± 5,000 VPD) which are both major thoroughfares that run through Birmingham. NEARBY NATIONAL RETAILERS – Firestone, Davita Kidney Care, Dollar Tree, Dollar General, Regions Bank, Auto Zone, Family Dollar, Taco Bell, Advance Auto Parts, Chick-fil-A, Walmart, USPS, Popeyes, and many national automotive dealerships. BIRMINGHAM – HOOVER MSA – With over 1,150,000 residents, the Birmingham Hoover MSA is the most populous metro of Alabama.

Property profile
Verified
Property type Drug stores
Total area 14,916 SF
UPID US03-Q019455
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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