11946 Kingston Pike - Drug Store FOR SALE
Knoxville, TN 37934 |
11946 Kingston Pike
Knoxville, TN 37934
HIGHLIGHTS
- CVS has been operating in this location for more than 25 years and has a strong sales history that surpassed $15M in 2023
- CVS has recommitted to this location by renewing their lease early for an additional 10 years (thru 2034) plus 3 x 5yr. options with rental increases
- CVS’ lease structure offers a passive ownership opportunity with minimal landlord responsibilities and tenant reimbursing or paying expenses directly
- TN is a no income tax state, large 2.2-acre parcel, low price point, historically high sales, direct access at a signalized intersection
- CVS Health, the corporate guarantor of this lease, is the only investment grade credit tenant pharmacy (BBB rating from Standard & Poor's)
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CVS | Knoxville TN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
10125
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
152CN-002
