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32757211

2615 Lake Road, Dyersburg, TN 38024 For Sale

JB
AL AL 82483
LHT Commercial Real Estate, LLC
Listed by LHT Commercial Real Estate, LLC
$3,500,000
68 days on market
Updated 15 days ago

Walgreens

Details
APN 074J A 00601
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 14,820
Units 1
Cap Rate 7.00%
NOI $282,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 10/31/2030
Remaining Term 4.3
Lease Options 10 - 5 year options
Year Built 1985
Stories 1
Lot Size (SqFt) 20,646
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2005
Ground Lease No

Retail | 7.00% CAP | 14,820 SqFt

Marketing description

I am pleased to bring to market this NNN Walgreens in Dyersburg, TN. Dyersburg is the county seat of Dyer County. Dyersburg is located in the NW part of Tennessee. There are over 16,000 people in Dyersburg and over 20,000 vehicles per day in front of the store. The 25 year NNN lease expires on Oct 31, 2030 with 10 - 5 year options. The yearly rent is $282,000. 8.06% CAP. $3,500,000 Sales Price. Contact me today for more information!

Investment highlights

I am pleased to bring to market this NNN Walgreens in Dyersburg, TN. Dyersburg is the county seat of Dyer County. Dyersburg is located in the NW part of Tennessee. There are over 16,000 people in Dyersburg and over 20,000 vehicles per day in front of the store. The 25 year NNN lease expires on Oct 31, 2030 with 10 - 5 year options. The yearly rent is $282,000. 8.06% CAP. $3,500,000 Sales Price. Contact me today for more information!

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
$282,000.00
$23,500.00/mo

Valuation Metrics

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DSCR
8.06%
Cap Rate
8.06%
ROI

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