Walgreens | 1011 Highway 411, N
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Walgreens 1011 Highway 411, N
2,502 SF Retail Building Etowah, TN 37331 $2,881,716 CAD ($1,152 CAD/SF) 6.15% Cap Rate
Investment Highlights
- ATTRACTIVE LEASE FUNDAMENTALS
- STRATEGIC RELOCATION STORE - Chattanooga MSA
- NEW CONSTRUCTION DRIVE THROUGH PROTOTYPE
Executive Summary
STRATEGICALLY POSITIONED TO NEARBY HOSPITAL
- Across the street from Starr Regional Medical Center, a 116K SF, 88-bed Medical Center
- Close proximity to Starr Regional drives pharmaceutical sales at this location
- Subject site out-positions other nearby pharmacies
ATTRACTIVE LEASE FUNDAMENTALS
- Abs. NNN Lease providing Zero Landlord Responsibilities
- New 10 year lease with 4 - 5 year option periods
STRATEGIC RELOCATION STORE
- This site and location was chosen by Walgreens real estate team
- Fronting Highway 411 N (12.9K VPD)
- Full access with dedicated left turn lane into the site
NEW CONSTRUCTION DRIVE THROUGH PROTOTYPE
- Newly constructed build-to-suit Walgreens with drive through prototype, allowing for lower unit over-head increasing store profitability
- Transferable warranties in place
OPPORTUNITY TO PURCHASE EXCESS HALF ACRE
- An additional 0.5 acre parcel is available for sale next to the site
- Inquire with broker for more details
- Across the street from Starr Regional Medical Center, a 116K SF, 88-bed Medical Center
- Close proximity to Starr Regional drives pharmaceutical sales at this location
- Subject site out-positions other nearby pharmacies
ATTRACTIVE LEASE FUNDAMENTALS
- Abs. NNN Lease providing Zero Landlord Responsibilities
- New 10 year lease with 4 - 5 year option periods
STRATEGIC RELOCATION STORE
- This site and location was chosen by Walgreens real estate team
- Fronting Highway 411 N (12.9K VPD)
- Full access with dedicated left turn lane into the site
NEW CONSTRUCTION DRIVE THROUGH PROTOTYPE
- Newly constructed build-to-suit Walgreens with drive through prototype, allowing for lower unit over-head increasing store profitability
- Transferable warranties in place
OPPORTUNITY TO PURCHASE EXCESS HALF ACRE
- An additional 0.5 acre parcel is available for sale next to the site
- Inquire with broker for more details
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,502 SF
Building Class
B
Year Built
2023
Price
$2,881,716 CAD
Price Per SF
$1,152 CAD
Cap Rate
6.15%
NOI
$177,184 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.98 AC
Opportunity Zone
Yes
Parking
17 Spaces (6.79 Spaces per 1,000 SF Leased)
Nearby Major Retailers
1 of 5
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Walgreens | 1011 Highway 411, N
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