Strong Investment Grade Credit Tenant – The lease is guaranteed by Walgreen Co. (S&P BBB), a subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA), with over 8,600 drug stores in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
Strong Store Sales – This store is reporting strong unit level sales ensuring the tenant is profitable and alleviating future vacancy risk.
Proximity to Regional Hospitals – The subject property sits just 2 blocks from the Northeast Alabama Regional Medical Center and is 1 mile from Stringfellow Memorial Hospital. These hospitals serve Calhoun, Cleburne, Talladega, Clay and Randolph counties, with a population of approximately 250,000.
Hard Corner Signalized Intersection – The subject property is located on the hard corner signalized intersection of Hwy 431/Quintard Ave & Hwy 202/E. 8th Ave, offering excellent exposure to combined traffic counts of 77,000 cars per day.
Fort McClellan Redevelopment – The City of Anniston, in collaboration with surrounding cities, has been redeveloping the former Fort McClellan Army Base to create the McClellan Industrial & Research Park, a $2.5 million planned mixed-use community.