4515 Highway 411 - Drug Store FOR SALE


Madisonville, TN 37354
$3,085,000 USD
949-547-2213
4515 Highway 411, Madisonville, TN for Sale
$3,085,000 USD
Drug Store - FOR SALE
1/9
null | 7.5% Cap Rate

4515 Highway 411
Madisonville, TN 37354


HIGHLIGHTS

  • Corporate Guaranteed Lease | 18+ Years of Operating History | 6.5 Years of Term Remaining | Investment Grade Tenant (S&P: BBB)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax Free State
  • Signalized, Hard Corner Intersection | Centralized Location | US Highway 411 (20,500 VPD) | Extremely Limited Competition
  • Adjacent to Walmart Supercenter (1.9M Visitors - Placer.ai) | Multiple Nearby Apartment Complexes | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | County Seat

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, drive-thru equipped, absolute NNN, CVS (S&P: BBB) investment property located in Madisonville, Tennessee. CVS has been operating at this location for more than 18 years and has approximately 6.5 years of firm term remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor within an income tax free state. CVS Pharmacy is America’s leading retail pharmacy with over 9,000 locations across 49 states.

FOR SALE DETAILS

PRICE

$3,085,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | Corp Abs NNN | 18+yrs Occupancy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

C-3

APN/PARCEL ID

067-208.04

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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