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3500 Mastin Lake Rd Nw, Huntsville, AL, 35810

Walgreens
$2,673,674

Key Information

Cap Rate
9.5%
$ per SF
$176
Tot. SF
15,190
Year Built
2002/ R 2015
Term Remaining
±1.7 Yrs
Type
Retail

Highlights

  • Long-Term Operating History – Proven Tenant Commitment – Walgreens has operated at this location for over 23 years, underscoring the site’s strong performance and long-term viability within the retailer’s national portfolio.
  • Corporate Guarantee by Strong National Tenant – The lease is corporately guaranteed by Walgreens, one of the nation’s largest pharmacy chains, providing investors with reliable, stable income.
  • Two Years Remaining on Absolute NNN Lease – The property offers two years of remaining term on an absolute triple-net (NNN) lease with no landlord responsibilities, offering 100% passive ownership and predictable cash flow.
  • Hard Corner Location with Excellent Visibility and Traffic – Positioned on a hard corner along Mastin Lake Rd, the site benefits from approximately 19,300 vehicles per day (VPD) and direct access to North Memorial Parkway (US-231/431) — a major Huntsville thoroughfare.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203