805 W Main St - Drug Store FOR SALE


Livingston, TN 38570
$3,137,000 USD
310-529-8833
805 W Main St, Livingston, TN for Sale
$3,137,000 USD
Drug Store - FOR SALE
1/3
null | 7.4% Cap Rate

805 W Main St
Livingston, TN 38570


HIGHLIGHTS

  • Long term 13 year corporate lease with 12 5-year options
  • Corporate Guarantee (NASDAQ: WBA)
  • Fee simple NNN with no landlord responsibilities
  • RARE 5% rent increases every 5 years (including option periods)
  • Situated along retail corridor with a traffic count of over 23k VPD
  • Half a mile from Livingston Regional Hospital (114 beds)

OVERVIEW

Walgreens is positioned with excellent access and visibility along Main Street (19,621 VPD) in Livingston, Tennessee – equidistant from Nashville and Knoxville. Walgreens is strategically situated within the area’s main retail and commercial corridor, directly adjacent to Subway and across from McDonald’s and American Bank & Trust. The site is less than a mile southwest of downtown Livingston, with nearby traffic drivers including Dollar Tree, the United States Post Office, and Livingston Regional Hospital (114 Beds). Livingston is a component of the Cookeville Micropolitan Statistical Area (Population: 117,267) and is the county seat of Overton County (Population: 22,864). The county is home to two state parks and Dale Hollow Lake –renowned in the state for its fishing.

FOR SALE DETAILS

PRICE

$3,137,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 13 Year Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C-3

APN/PARCEL ID

054I-A-003.00

ASK ABOUT THIS PROPERTY

Rich LydonEquity Investment AdvisorsMore Info
310-529-8833

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Rich LydonEquity Investment AdvisorsMore Info
310-529-8833

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