1011 Highway 411, N - Freestanding FOR SALE


Etowah, TN 37331
$2,033,000 USD
704-697-1900
1011 Highway 411, N, Etowah, TN for Sale
$2,033,000 USD
Freestanding - FOR SALE
1/4
null | 6.15% Cap Rate

1011 Highway 411, N
Etowah, TN 37331


HIGHLIGHTS

  • ATTRACTIVE LEASE FUNDAMENTALS
  • NEW CONSTRUCTION DRIVE THROUGH PROTOTYPE
  • STRATEGIC RELOCATION STORE - Chattanooga MSA

OVERVIEW

STRATEGICALLY POSITIONED TO NEARBY HOSPITAL - Across the street from Starr Regional Medical Center, a 116K SF, 88-bed Medical Center - Close proximity to Starr Regional drives pharmaceutical sales at this location - Subject site out-positions other nearby pharmacies ATTRACTIVE LEASE FUNDAMENTALS - Abs. NNN Lease providing Zero Landlord Responsibilities - New 10 year lease with 4 - 5 year option periods STRATEGIC RELOCATION STORE - This site and location was chosen by Walgreens real estate team - Fronting Highway 411 N (12.9K VPD) - Full access with dedicated left turn lane into the site NEW CONSTRUCTION DRIVE THROUGH PROTOTYPE - Newly constructed build-to-suit Walgreens with drive through prototype, allowing for lower unit over-head increasing store profitability - Transferable warranties in place OPPORTUNITY TO PURCHASE EXCESS HALF ACRE - An additional 0.5 acre parcel is available for sale next to the site - Inquire with broker for more details

FOR SALE DETAILS

PRICE

$2,033,000 USD

PRICE/SF

$813 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

-

APN/PARCEL ID

054107B C 03900

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.