Chain pharmacy in Alabama State.
Description
The detached one-storey building with a leasable area of 941 m².
Financial performance
The annual income is 264,000 $.
The yield is 5.5%.
Tenants
The building is fully let. The tenant is the largest pharmacy chain in the United States with 10,000 branches.
The lease agreement is valid until 2036.
NNN lease.
The tenant has been in the building for about 20 years.
Transaction costs
The brokerage fee is 3%.
Location and nearby infrastructure
The property is located in the largest city in the state of Alabama — Birmingham.
The population of Birmingham is 210,000 inhabitants.
