CVS | Low Future Vacancy Risk | Absolute NNN Lease
9151 Moffett Road, Semmes, AL 36575
Price: $1,435,000
Status: Available
Cap Rate: 7.25%
Year Built: 1999
NOI: $104,000
Lot Size: 1.38 acres
Price Per Foot: $140
Lease Type: Absolute Triple-Net (NNN)
Remaining Term: 4.7
GLA: 10,260 sqft
Property Intro
Lee & Associates and Bang Realty are pleased to present for sale a single-tenant CVS Pharmacy located at 9151 Moffett Road in Semmes, Alabama, within the Mobile MSA. The property consists of a 10,260 square foot retail building situated on approximately 1.38 acres and is offered fee simple. Built in 1999, the asset is 100% leased to CVS Health Corporation, an investment grade tenant (S&P: BBB), operating under an absolute NNN lease structure that provides zero landlord responsibilities.
CVS Health is the largest pharmacy operator in the United States, with over 9,000 locations nationwide and a strong corporate guarantee supporting the lease. The tenant has demonstrated long-term commitment to this location, operating at the site for over two decades with a lease extending through December 2030 and multiple five-year renewal options featuring 5% rental increases. The absolute NNN lease structure ensures passive ownership, while the below-market rent provides additional security and long-term stability for investors.
The property is strategically positioned at a signalized hard corner along Moffett Road (US-98), a primary retail corridor with traffic counts exceeding 22,000 vehicles per day. The site benefits from strong visibility and accessibility and is surrounded by national and regional retailers, including a newly opened Aldi and a Walgreens directly across the street, reinforcing the area’s retail synergy. Located approximately 16 miles northwest of Mobile, the property serves a growing suburban population supported by solid demographics and continued expansion within the Mobile metropolitan area, making it a compelling long-term investment opportunity.