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Drug Store

Walgreens | New Absolute NNN Lease | 5% Increases

2409 US-411, Maryville, TN 37801

Listing Price: $5,747,368

Cap Rate
4.75%
Tenant Name
Walgreens
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
13,574
Lease Type
Absolute Net
Rent Per Square Feet
$20.11

Investment Overview

The Walgreens is subject to new 13-year absolute net lease with no landlord management or maintenance responsibilities. The lease offers rare 5% rent increases every five years, providing exceedingly more cash flow than a traditional flat Walgreens lease. This is the perfect opportunity for net-lease investors and 1031 exchange investors. Contact us with any questions.

Investment Highlights

  • New 13-Year Absolute NNN Lease
  • Rare 5% Rent Increases Every 5 Years
  • Critical Drive-Through Lane
  • Investment Grade Tenant
  • Essential Retailer Operating and Assisting U.S. Authorities During the COVID-19 Pandemic

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Drug Store

Walgreens | New Absolute NNN Lease | 5% Increases

Listing Price: $5,747,368

Cap Rate
4.75%
Tenant Name
Walgreens
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
13,574
Lease Type
Absolute Net
Rent Per Square Feet
$20.11

Investment Highlights

  • New 13-Year Absolute NNN Lease
  • Rare 5% Rent Increases Every 5 Years
  • Critical Drive-Through Lane
  • Investment Grade Tenant
  • Essential Retailer Operating and Assisting U.S. Authorities During the COVID-19 Pandemic

Investment Overview

The Walgreens is subject to new 13-year absolute net lease with no landlord management or maintenance responsibilities. The lease offers rare 5% rent increases every five years, providing exceedingly more cash flow than a traditional flat Walgreens lease. This is the perfect opportunity for net-lease investors and 1031 exchange investors. Contact us with any questions.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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