CVS - Childersburg

Childersburg, Alabama, has a rich history and diverse economic profile. It is known for its industrial base, with major employers in manufacturing, such as Resolute Forest Products, Nemak Alabama (an auto parts manufacturer), and Koch Foods. These companies play a significant role in supporting the local workforce and contribute to the city’s economic stability. The city is also positioned for steady growth. Childersburg has prioritized economic development initiatives focused on enhancing the quality of life, increasing affordable housing options, and boosting public safety. The strategic approach includes building a supportive environment for small businesses, strengthening the workforce through skill development, and improving infrastructure, such as broadband connectivity, to attract new businesses and support existing ones.Southpace Properties is presenting an opportunity to purchase a well-established absolute net lease CVS located at 32815 US-280, Childersburg, AL. CVS has been operating at this location since 2005 with lease term through 2031. The property is located along US-280, a major highway that connects Birmingham to Columbus, GA, offering high visibility with ±26,198 vehicles per day. US-280 serves as a main road in the area, attracting consistent traffic and providing a strategic location for retail tenants. This CVS property features a modern, well-maintained building with ±11,654 square feet, drive thru pharmacy and plenty of parking. The property is in a prime retail area surrounded by popular businesses, including Piggly Wiggly, Family Dollar. and a new Tractor Supply. Located near residential, commercial, and industrial zones, it benefits from steady demand and diverse customer traffic, making it strong long-term real estate. The area demographics are well-suited for retail, with a total population of 8,851 within a 5-mile radius. The community has a median household income of $59,521 within a 5-mile radius of the property.