2041 E Main St
Dothan, AL 36301

Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a Walgreens in Dothan, AL. There are currently 10 years remaining on the absolute net lease with ten (5 year) options which begin in April of 2028. The subject property is located on one of the main corridors of Dothan, Ross Clark Circle, which gives access to the entire city of Dothan within a six-mile radius. The signalized northeast corner of East Main Street (Highway 84 - ±18,760 cars per day) and Ross Clark Circle (Highway 431 - ±25,010 cars per day) has a combined traffic count of ±43,770 cars per day. This building is also located across the street from Southeast Alabama Medical Center, a 420-bed regional hospital with approximately 3,050 physicians and staff. Also located directly across the street is a CVS drugstore, making this a strategic location for both CVS and Walgreens. One of only two national drugstore chains within a 2-mile radius. Dothan enjoys a strong employment base with five of the ten largest employers of the city located within a 10-mile radius. These account for approximately 6,000 local employees. Approximately 88% of Dothan's residents travel less than 30 minutes to their work. Dothan is the principal city of the Dothan, Alabama metropolitan area with a combined population being over ±150,000. The city serves as the main transportation and commercial hub for a significant part of southeastern Alabama, southwest Georgia, and nearby portions of the Florida Panhandle. Since approximately one-fourth of the U.S. peanut crop is produced in the area, with much of it processed in the city, Dothan is sometimes referred to as "The Peanut Capital of the World."