This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

955 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

CVS 12275 Highway 231

13,225 SF Retail Building Meridianville, AL 35759 £3,747,616 (£283/SF) 7.10% Net Initial Yield

Investment Highlights

  • Long Term Commitment: Absolute NNN lease structure with 9.9 years remaining and no landlord responsibilities providing passive ownership
  • Part of the Growing Huntsville Region: Huntsville/Madison has experienced steady population growth over the last decade
  • Investment Grade Tenant: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P
  • Location: The property has strong underlying real estate fundamentals / located on US-431, directly across from Publix and has an ADT of 32,000+ cars
  • Demographics: Positioned at a signalized hard corner in a growing market of Huntsville MSA with AHHI in excess of $109,000 within 3 miles

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
C
Year Built
2008
Price
£3,747,616
Price Per SF
£283
Net Initial Yield
7.10%
NOI
£266,081
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Land Acres
1.77 AC
Parking
60 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
190 ft on Patterson Ln

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru

Links

1 of 1
12275 Highway 231, Meridianville, AL - aerial map view - Image1
12275 Highway 231, Meridianville, AL - aerial map view - Image2

PROPERTY TAXES

Parcel Number 07-06-13-0-001-001.002 Improvements Assessment £154,707
Land Assessment £92,518 Total Assessment £247,225

PROPERTY TAXES

Parcel Number
07-06-13-0-001-001.002
Land Assessment
£92,518
Improvements Assessment
£154,707
Total Assessment
£247,225
(256) 694-9803

  • Listing ID: 31141659

  • Date on Market: 06/03/2024

  • Last Updated:

  • Address: 12275 Highway 231, Meridianville, AL 35759

The Retail Property at 12275 Highway 231, Meridianville, AL 35759 is currently available For Sale. Contact Stream Capital Partners for more information.

Nearby Listings

1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/4
12275 Highway 231, Meridianville, AL for sale Building Photo- Image 1 of 4
Building Photo
12275 Highway 231, Meridianville, AL for sale Aerial- Image 2 of 4
Aerial
12275 Highway 231, Meridianville, AL for sale Aerial- Image 3 of 4
Aerial

1 of 1

Connect with us

© 2024 CoStar Group

CVS | 12275 Highway 231
(256) 694-9803 x

CVS | 12275 Highway 231

1/4

Adam English

(256) 694-9803

(256) 694-9803

Adam Baxter

(205) 394-3520

(205) 394-3520

Jordan Williams

(205) 209-5671

(205) 209-5671

Jordan Shtulman

(847) 226-4133

(847) 226-4133

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link