We are pleased to present the Walgreens property located at 132 E. Broadway Blvd in Jefferson City, Tennessee ("The Property") for sale. This property has been operating successfully for over 18 years and currently has over 5 years of firm term remaining before the 10 (5-year) option periods. Walgreens is operating on an absolute triple net lease which provides for no landlord obligations whatsoever.
This 24-hour Walgreens store is ranked in the top 10% of all Walgreens locations nationwide for customer visits, according to Placer.Ai. The property offers investors the opportunity to acquire a high-sales Walgreens location, which is one of the chain's highest-trafficked locations.
Strategically located two miles east of Jefferson Memorial Hospital, the Property benefits from being positioned adjacent to a CVS and within a trade area with no other Walgreens for over 11 miles. It is also situated less than half a mile from Carson-Newman University, which enrolls approximately 2,585 students. Additionally, Oshkosh Corporation, a Fortune 500 company, operates a 500,000-square-foot facility in Jefferson City.
The Property is part of a well-established retail corridor that has over 964,000 square feet of retail space. Jefferson City is located along Andrew Johnson Highway (U.S. Route 11E), which runs through Tennessee and into Virginia. The city is 28 miles northeast of Knoxville and 13 miles southwest of Morristown, providing direct access to both cities.
Listed in association with Brian Brockman, 513-898-1551, wg@bangreatly.com, TN DRE Lic. #343847.