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13720811

805 W Madison Ave, Athens, TN 37303

JB
AL AL 82483
LHT Commercial Real Estate, LLC
Listed by LHT Commercial Real Estate, LLC
$3,299,999
934 days on market
Updated 53 days ago

Walgreens

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 14,550
Net Rentable (SqFt) 14,550
Units 1
Cap Rate 8.03%
NOI $265,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 08/31/2030
Remaining Term 4.2
Price per SqFt $227
Year Built 2005
Buildings 1
Stories 1
Investment Type Net Lease
Lease Commencement 09/01/2005
Occupancy Date 02/09/2005

Retail | 8.03% CAP | 14,550 SqFt

Marketing description

25 year NNN lease with 10 - 5 year options. This Walgreens in Athens, Tennessee opened in 2005 with a 25 year corporate guaranteed lease. Athens is the county seat of McMinn County. The Athens metro has over 50,000 residents. Athens is located in the southeast part of Tennessee between Chattanooga, TN and Knoxville, TN. The yearly rental income is $265,000. The CAP is 8.03% with a sales price of $3,299,999. The 14,550 square foot building sits on 1.64 +- acres. There are over 11,000 vehicles per day in front of the store. If you have any questions or need anything, please just let me know. If you are interested in this store, please get me something in writing and let me see what I can do!

Walgreens

805 W Madison Avenue

Athens, Tennessee 37303

Investment highlights

25 year NNN lease with 10 - 5 year options. This Walgreens in Athens, Tennessee opened in 2005 with a 25 year corporate guaranteed lease. Athens is the county seat of McMinn County. The Athens metro has over 50,000 residents. Athens is located in the southeast part of Tennessee between Chattanooga, TN and Knoxville, TN. The yearly rental income is $265,000. The CAP is 8.03% with a sales price of $3,299,999. The 14,550 square foot building sits on 1.64 +- acres. There are over 11,000 vehicles per day in front of the store. If you have any questions or need anything, please just let me know. If you are interested in this store, please get me something in writing and let me see what I can do!

Walgreens

805 W Madison Avenue

Athens, Tennessee 37303

Listing Contacts

JB
AL AL 82483
LHT Commercial Real Estate, LLC
Listed by LHT Commercial Real Estate, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$265,000.00
$22,083.33/mo

Valuation Metrics

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DSCR
8.03%
Cap Rate
8.03%
ROI

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