Walgreens

• Corporate Lease – Walgreens Co., which was recently acquired by Sycamore Partners and taken private, has operated at this location for over 20 years. The lease has ± 2 years of remaining primary term, plus multiple extension options.
• Absolute NNN Lease Structure – The lease provides zero landlord responsibilities, making it an ideal passive investment with predictable cash flow and minimal management requirements.
• Strong Visibility & Traffic Counts – The property is positioned on a hard corner at E Main Street and Hwy 431, which sees over ±51,500 VPD.
• Dense Retail Synergy – Nearby national tenants include Walgreens, CVS, Wells Fargo, Regions Bank, Ameris Bank, Taco Bell, Checkers, Sonic Drive-In, Hardee’s, Bojangle’s, Chick-fil-A, Freddy’s, Jersey Mike’s, Aldi, Dollar General, AutoZone, Shell, and Marathon Gas Station.
• Noland Hospital Dothan – The property benefits from its proximity to Noland Hospital Dothan, a 38-bed long-term acute care hospital operating within the Southeast Health medical campus on Ross Clark Circle, part of the broader hospital corridor that anchors daily traffic and demand in the immediate trade area. This medical-driven demographic base supports consistent patient, visitor, and staff traffic to nearby retail and pharmacy uses.
• Essential, Recession-Resilient Tenant – Walgreens has demonstrated long-term resilience through economic downturns and the COVID-19 pandemic as a necessity-based, essential retailer.
• High Ranking Location Per Alpha Maps- According to AlphaMap, this location ranks in the 89th percentile among all Walgreens stores nationally and the 79th percentile statewide in Alabama.