- For Sale $2,035,000
- Property Type Other
- Lot Size 0.98 SF
- Year Built 2023
- Date Updated Apr 27, 2024
The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to purchase a single tenant Walgreens Cooper in Etowah, TN. Walgreens Cooper, a small format pharmacy concept, is subject to a new 10-year absolute NNN lease with four 5-year option periods, rental increases in options three and four and zero landlord responsibilities making this asset ideal for an investor seeking years of passive cash flows.
The newly constructed 2,502 SF building with drive-thru on 0.98-acre parcel is strategically located along Highway 411 (12,900 VPD) and is directly opposite Starr Regional Medical Center. Additional value can be derived from half an acre of excess land which is separately parceled and ready for development. Nearby retailers include Fast Pace Health Urgent Care, DaVita Dialysis, Food City, McDonald’s, Hardees, Waffle House, Circle K, Dollar General, Family Dollar, Dollar Tree and Auto Zone.
This is an excellent opportunity to own a brand new absolute NNN leased Walgreens Cooper between Chattanooga and Knoxville Tennessee with no landlord responsibilities and a corporate guaranty providing years of worry-free income.
Available
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Attachments
False
Contacts
Eric Carlton
Jereme Snyder
Jim Morris
Location
Getting Around
-
Walk Score ®
41/100
Car-Dependent
-
Bike Score ®
39/100
Somewhat Bikeable
- City Etowah, TN
- Neighborhood Etowah
- Zip Code 37331
- Market Chattanooga
Points of Interest
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Exxon
7.10 miles
-
Country Patch
6.98 miles
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Jessica's Place
7.34 miles
-
Lotus Thai Cuisine
7.47 miles
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Angela's Cuban Restaurant
7.97 miles
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Mexi Wings
8.02 miles
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Hardee's
9.39 miles
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Pizza Hut
9.40 miles
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Dairy Barn
9.49 miles
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Sonic
9.58 miles
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Etowah Junior High School
1.24 miles
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Mountain View Elementary School
1.76 miles
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East and West School
2.42 miles
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McMinn Central High School
2.43 miles
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Millers Chapel School
3.36 miles
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Englewood Elementary School
5.88 miles
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Poplar Hill School
7.63 miles
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City Park Elementary School
7.75 miles
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Hance School
7.82 miles
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Athens Junior High School
7.89 miles
Frequently Asked Questions
What is the lease rate for Walgreens | Brand New 10 Yr. Absolute NNN Lease?
Rental asking rate at Walgreens | Brand New 10 Yr. Absolute NNN Lease is $1,017,500.00/YR.
What is the total square footage of Walgreens | Brand New 10 Yr. Absolute NNN Lease?
Walgreens | Brand New 10 Yr. Absolute NNN Lease totals 2,502 square feet.
When was this property built?
Walgreens | Brand New 10 Yr. Absolute NNN Lease was built in 2023.
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