Contacts
Property Details
- Property Type Other
- Lot Size 2.52 SF
- Year Built 2000
- Date Updated May 17, 2026
6.85% 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 $2,497,810 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. The three properties can be purchased individually or as a portfolio.
Reach out to the broker for more info on lease terms and amenities
Getting around
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43/100
Walk Score ®
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43/100
Bike Score ®
Location
- City Gadsden, AL
- Zip Code 35903
Points of Interest
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Exxon
1.23 miles
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Shell
1.90 miles
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Texaco
3.00 miles
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Jet-Pep
3.17 miles
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Mapco
5.34 miles
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Marathon
5.69 miles
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Hampton Inn & Suites
1.98 miles
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Red Roof Inn Gadsden
2.44 miles
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Super 8 by Wyndham Gadsden AL
3.45 miles
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Budget Inn
4.57 miles
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Rodeway Inn
5.68 miles
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Homelodge
5.90 miles
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Days Inn by Wyndham Attalla
5.97 miles
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Deerfield Inn
6.79 miles
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Fairfield Inn & Suites
6.81 miles
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Holiday Inn Express Gadsden West
6.92 miles
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Walmart Supercenter
1.18 miles
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Coosa Town Center
1.32 miles
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ALDI
1.44 miles
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Grocery Store
2.16 miles
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Gadsden Mall
2.22 miles
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Belk
2.28 miles
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Dollar General
4.62 miles
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Publix
5.41 miles
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Cashsaver
6.06 miles