Map of Property

For Sale | CVS in Gadsden AL | IMPROVED PRICING

806 Hoke St, Gadsden, AL 35903

  • For Sale $2,851,667
  • Property Type Other
  • Property Size 10,406 SF
  • Lot Size 2.52 SF
  • Year Built 2000
  • Date Updated May 6, 2025

6% CAP RATE | ABSOLUTE NNN | +14 YEARS | NO RENT HOLIDAY

Exceptional Retail Opportunity: Colliers is pleased to present the opportunity to acquire an absolute NNN leased CVS Pharmacy with +14 years of remaining term and no rent holiday in Gadsden, AL. The property was built in 2000 for CVS. In 2019, CVS agreed to a rare 20-year lease extension, confirming CVS’s commitment to this trade area and building location. Attractively located in the low-income tax, southern state of Alabama, CVS is paying a modest annual rent of $171,100. The $2,851,667 price offers an investor a very high credit corporate guarantee at a low price point rarely found in the market. The property is available debt-free.

The owner is currently offering for sale similar CVS properties in Paducah, KY, and Black Mountain, NC. Both with 20-year extensions in 2019, absolute NNN leases, no-rent holidays, and low price points ranging from $3,718,333 and $3,168,333. The three properties can be purchased individually or as a portfolio.

 

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Contacts

broker
Jon Busse
broker
Joe Sandner, III

Location

Getting Around

  • Walk Score ®

    43/100 Car-Dependent

  • Bike Score ®

    43/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Gadsden, AL
  • Zip Code 35903

Points of Interest

  • Exxon

    1.23 miles

  • Shell

    1.90 miles

  • Texaco

    3.00 miles

  • Jet-Pep

    3.17 miles

  • Mapco

    5.34 miles

  • Marathon

    5.69 miles

  • Hampton Inn & Suites

    1.98 miles

  • Red Roof Inn Gadsden

    2.44 miles

  • Super 8 by Wyndham Gadsden AL

    3.45 miles

  • Budget Inn

    4.57 miles

  • Rodeway Inn

    5.68 miles

  • Homelodge

    5.90 miles

  • Days Inn by Wyndham Attalla

    5.97 miles

  • Deerfield Inn

    6.79 miles

  • Fairfield Inn & Suites

    6.81 miles

  • Holiday Inn Express Gadsden West

    6.92 miles

  • Krispy Kreme

    0.98 miles

  • Panda Express

    1.01 miles

  • Jersey Mike's Subs

    1.16 miles

  • Arby's

    1.18 miles

  • Sonic

    1.23 miles

  • The 278 Restaurant

    1.24 miles

  • Shoney's

    1.27 miles

  • Krystal

    1.31 miles

  • Burger 101

    1.40 miles

  • Jack's

    1.40 miles

  • Cory Middle School (historical)

    0.20 miles

  • Litchfield Middle School

    0.29 miles

  • Oscar W Adams Elementary School

    0.49 miles

  • J L Wagner Elementary School

    0.62 miles

  • Donehoo Elementary School

    0.84 miles

  • East Gadsden School

    1.02 miles

  • Gadsden State Community College (East Broad Campus)

    1.13 miles

  • Gadsden State Community College (Wallace Drive Campus)

    1.54 miles

  • Gadsden Center University of Alabama

    1.78 miles

  • Saint James Catholic School

    1.79 miles

Frequently Asked Questions

How much does For Sale | CVS in Gadsden AL | IMPROVED PRICING cost?

The space currently listed for sale at For Sale | CVS in Gadsden AL | IMPROVED PRICING asks for $2,851,667.

What is the total square footage of For Sale | CVS in Gadsden AL | IMPROVED PRICING?

For Sale | CVS in Gadsden AL | IMPROVED PRICING totals 10,406 square feet.

When was this property built?

For Sale | CVS in Gadsden AL | IMPROVED PRICING was built in 2000.

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Contact For Sale | CVS in Gadsden AL | IMPROVED PRICING
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