Drug Store

758 N Ellington Pkwy

758 N Ellington Pkwy, Lewisburg, TN 37091

Listing Price: $4,100,000

Cap Rate
6.51%
Tenant Name
Walgreens
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$276.65
Lease Type
Absolute Net
Rent Per Square Feet
$18.02

Investment Overview

We are pleased to present the opportunity to acquire 758 N Ellington Parkway in Lewisburg, Tennessee. The property is located at the signalized intersection of Nashville Highway (13,680+ VPD) and N Ellington Parkway (17,147+ VPD). Built in 2005, the property consists of 14,820 square feet of building space and sits on 1.80 acres of land. The lease is absolute triple net with zero landlord responsibilities. This Walgreens property has approximately 9 years remaining on the initial 25year term. The lease expires December 31st, 2030. The tenant has an additional ten, five-year options to extend the lease.

Investment Highlights

  • Corporate Guarantee from Walgreens Co. (NASDAQ: WBA)
  • Absolute NNN Lease Zero Landlord Responsibilities
  • Drive-Thru Pharmacy

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

Listing Price: $4,100,000

Cap Rate
6.51%
Tenant Name
Walgreens
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$276.65
Lease Type
Absolute Net
Rent Per Square Feet
$18.02

Investment Highlights

  • Corporate Guarantee from Walgreens Co. (NASDAQ: WBA)
  • Absolute NNN Lease Zero Landlord Responsibilities
  • Drive-Thru Pharmacy

Investment Overview

We are pleased to present the opportunity to acquire 758 N Ellington Parkway in Lewisburg, Tennessee. The property is located at the signalized intersection of Nashville Highway (13,680+ VPD) and N Ellington Parkway (17,147+ VPD). Built in 2005, the property consists of 14,820 square feet of building space and sits on 1.80 acres of land. The lease is absolute triple net with zero landlord responsibilities. This Walgreens property has approximately 9 years remaining on the initial 25year term. The lease expires December 31st, 2030. The tenant has an additional ten, five-year options to extend the lease.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

MM Texture Background
MM Textured Background Lower