32815 Hwy 280 | Childersburg, AL 35044
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32815 Hwy 280
Childersburg, AL 35044
CVS Pharmacy · Retail Property For Sale
Executive Summary
Southpace Properties is presenting an opportunity to purchase a well-established absolute net lease CVS located at 32815 US-280, Childersburg, AL. CVS has been operating at this location since 2005 with lease term through 2031.
The property is located along US-280, a major highway that connects Birmingham to Columbus, GA, offering high visibility with ±26,198 vehicles per day. US-280 serves as a main road in the area, attracting consistent traffic and providing a strategic location for retail tenants.
This CVS property features a modern, well-maintained building with ±11,654 square feet, drive thru pharmacy and plenty of parking. The property is in a prime retail area surrounded by popular businesses, including Piggly Wiggly, Family Dollar. and a new Tractor Supply. Located near residential, commercial, and industrial zones, it benefits from steady demand and diverse customer traffic, making it strong long-term real estate.
The area demographics are well-suited for retail, with a total population of 8,851 within a 5-mile radius. The community has a median household income of $59,521 within a 5-mile radius of the property.
The property is located along US-280, a major highway that connects Birmingham to Columbus, GA, offering high visibility with ±26,198 vehicles per day. US-280 serves as a main road in the area, attracting consistent traffic and providing a strategic location for retail tenants.
This CVS property features a modern, well-maintained building with ±11,654 square feet, drive thru pharmacy and plenty of parking. The property is in a prime retail area surrounded by popular businesses, including Piggly Wiggly, Family Dollar. and a new Tractor Supply. Located near residential, commercial, and industrial zones, it benefits from steady demand and diverse customer traffic, making it strong long-term real estate.
The area demographics are well-suited for retail, with a total population of 8,851 within a 5-mile radius. The community has a median household income of $59,521 within a 5-mile radius of the property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,654 SF
Building Class
B
Year Built
2005
Price
£1,366,507
Price Per SF
£117
Net Initial Yield
10%
NOI
£136,651
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
1.22 AC
Parking
45 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 22-04-20-3-005-001.001 | Improvements Assessment | £34,489 |
| Land Assessment | £17,849 | Total Assessment | £52,339 |
PROPERTY TAXES
Parcel Number
22-04-20-3-005-001.001
Land Assessment
£17,849
Improvements Assessment
£34,489
Total Assessment
£52,339
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