Contacts
Property Details
- Property Type Other
- Property Size 10,406 SF
- Lot Size 2.52 SF
- Year Built 2000
- Date Updated May 14, 2025
6% CAP RATE | ABSOLUTE NNN | +14 YEARS | NO RENT HOLIDAY
Exceptional Retail Opportunity: Colliers is pleased to present the opportunity to acquire an absolute NNN leased CVS Pharmacy with +14 years of remaining term and no rent holiday in Gadsden, AL. The property was built in 2000 for CVS. In 2019, CVS agreed to a rare 20-year lease extension, confirming CVS’s commitment to this trade area and building location. Attractively located in the low-income tax, southern state of Alabama, CVS is paying a modest annual rent of $171,100. The $2,851,667 price offers an investor a very high credit corporate guarantee at a low price point rarely found in the market. The property is available debt-free.
The owner is currently offering for sale similar CVS properties in Paducah, KY, and Black Mountain, NC. Both with 20-year extensions in 2019, absolute NNN leases, no-rent holidays, and low price points ranging from $3,718,333 and $3,168,333. The three properties can be purchased individually or as a portfolio.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
-
43/100
Walk Score ®
-
43/100
Bike Score ®
Location
- City Gadsden, AL
- Zip Code 35903
Points of Interest
-
Exxon
1.23 miles
-
Shell
1.90 miles
-
Texaco
3.00 miles
-
Jet-Pep
3.17 miles
-
Mapco
5.34 miles
-
Marathon
5.69 miles
-
Hampton Inn & Suites
1.98 miles
-
Red Roof Inn Gadsden
2.44 miles
-
Super 8 by Wyndham Gadsden AL
3.45 miles
-
Budget Inn
4.57 miles
-
Rodeway Inn
5.68 miles
-
Homelodge
5.90 miles
-
Days Inn by Wyndham Attalla
5.97 miles
-
Deerfield Inn
6.79 miles
-
Fairfield Inn & Suites
6.81 miles
-
Holiday Inn Express Gadsden West
6.92 miles
-
Walmart Supercenter
1.18 miles
-
Coosa Town Center
1.32 miles
-
ALDI
1.44 miles
-
Grocery Store
2.16 miles
-
Gadsden Mall
2.22 miles
-
Belk
2.28 miles
-
Dollar General
4.62 miles
-
Publix
5.41 miles
-
Cashsaver
6.06 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
