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Walgreens | 13 Year Absolute NNN Lease 805 W Main St
13,650 SF Retail Building Livingston, TN 38570 $4,718,040 CAD ($346 CAD/SF) 7% Cap Rate
Investment Highlights
- Long term 13 year corporate lease with 12 5-year options
- Fee simple NNN with no landlord responsibilities
- Situated along retail corridor with a traffic count of over 23k VPD
- Corporate Guarantee (NASDAQ: WBA)
- RARE 5% rent increases every 5 years (including option periods)
- Half a mile from Livingston Regional Hospital (114 beds)
Executive Summary
Walgreens is strategically situated within the area’s main retail and commercial corridor, directly adjacent to Subway and across from McDonald’s and American Bank & Trust. The site is less than a mile southwest of downtown Livingston, with nearby traffic drivers including Dollar Tree, the United States Post Office, and Livingston Regional Hospital (114 Beds).
Livingston is a component of the Cookeville Micropolitan Statistical Area (Population: 117,267) and is the county seat of Overton County (Population: 22,864). The county is home to two state parks and Dale Hollow Lake –renowned in the state for its fishing.
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 13,650 SF
- $24.18 CAD
- Net
- Aug 2035
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 13,650 SF | $24.18 CAD | Net | Aug 2035 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 054I-A-003.00 | Improvements Assessment | $678,299 CAD |
| Land Assessment | $195,571 CAD | Total Assessment | $873,870 CAD |
PROPERTY TAXES
Presented by
Walgreens | 13 Year Absolute NNN Lease | 805 W Main St
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