Moody, AL

• The existing ±$2.94 million loan carries a 3.20% fixed rate through October 6, 2031 and produces a 7.47% cash-on-cash return at the list price. Assumption requires lender approval and a 0.25% assumption fee paid by the buyer.
• CVS lease features no rent holiday with no landlord responsibilities whatsoever and has over 8 years of remaining base term prior to the next renewal option.
• Households within a 1-mile radius have an average income of $102,871.
• The next nearest CVS is 7 miles away in Trussville.
• The property sits on Moody Parkway (25K VPD Combined), the route residents use to reach Interstate 20, connecting Leeds to Odenville and Ashville.
• New housing developments planned in Moody include Arbor Ridge (42 homes), Steven's Cove (67 homes) and Oak Hill (29 homes).

We are pleased to market for sale the CVS located at 2828 Moody Parkway in Moody, Alabama 35004 (the "Property"). CVS has been successfully operating at this location since 2009 and has over 8 years remaining before the option periods. The lease includes four (5-year) renewal options, with 5% rental increases at the beginning of each option period, with no rent holiday.

There is assumable financing available at a 3.20% fixed interest rate maturing October 6, 2031, providing a 7.47% cash-on-cash return at the list price. 

The 13,286 square foot building has a drive-thru, sits at the signalized southwest corner of U.S. Highway 411 (Moody Parkway) and Park Avenue, and is the only CVS within five miles. Moody Parkway is the main thoroughfare in Moody and the route residents take to reach Interstate 20, the highway connecting Leeds to the southwest with Odenville and Ashville to the northeast. Households within a one-mile radius have an average income of $102,871.