11305 Chapman Hwy - Drug Store FOR SALE


Seymour, TN 37865
$4,285,000 USD
949-903-3399
11305 Chapman Hwy, Seymour, TN for Sale
$4,285,000 USD
Drug Store - FOR SALE
1/5
null | 6.65% Cap Rate

11305 Chapman Hwy
Seymour, TN 37865


HIGHLIGHTS

  • Proven Long Term Absolute NNN Lease since 2003 by Walgreens (NASDAQ: WBA) - 5+ Years Left
  • High Profile Corner along Hwy 441 & 338 - Main Intersection of City - Dense Commercial Trade Area
  • Rare Combination of Strong Sales way Above Average with Below Market Rent - Low Downside Risk
  • Affluent Suburb of Knoxville - Huge Population Growth - Ranked Top “Best Mid-Size Cities in U.S.” 2023
  • Large 1.74 Acre Parcel - Zero LL Duties - Steady Increase of Annual Sales - Across from Food City Market

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to purchase a single tenant absolute NNN leased investment (fee simple) that is fully occupied by Walgreens with 5.7 lease years remaining and options to extend through 2078. Located in Seymour, TN, the subject property is positioned at the intersection of Chapman Hwy (Hwy 441) and Marysville Hwy (Hwy 35) which have a combined traffic count of over 27,000 VPD. Seymour, TN is part of the Knoxville MSA (population: 861,000) and is only 12 miles from downtown Knoxville. Nearby Retailers include Food City, Tractor Supply Co., AutoZone, Starbucks, McDonald’s, Taco Bell, and Burger King. This is an excellent opportunity to purchase an investment grade (rated “BBB” by S&P) NNN leased asset with zero landlord obligations that has successfully operated at this location for over 20 Years.

FOR SALE DETAILS

PRICE

$4,285,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-2

APN/PARCEL ID

078045 09600

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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