805 W Madison Ave - Drug Store FOR SALE


Athens, TN 37303
$3,547,523 USD
256-520-5000
805 W Madison Ave, Athens, TN for Sale
$3,547,523 USD
Drug Store - FOR SALE
1/10
null | 7.47% Cap Rate

805 W Madison Ave
Athens, TN 37303


HIGHLIGHTS

  • Corner store!
  • Over 11,000 vehicles per day

OVERVIEW

25 year NNN lease with 10 - 5 year options. This Walgreens in Athens, Tennesse opened in 2005 with a 25 year corporate guaranteed lease. Athens is the county seat of McMinn County. The Athens metro has over 50,000 residents. Athens is located in the southeast part of Tennesse between Chattanooga, TN and Knoxville, TN. The yearly rental income is $265,000. The CAP is 7.47% with a sales price of $3,547,523. The 14,550 square foot building sits on 1.64 +- acres. There are over 11,000 vehicles per day in front of the store. If you have any questions or need anything, please just let me know. If you are interested in this store, please get me something in writing and let me see what I can do! Walgreens 805 W Madison Avenue Athens, Tennessee 37303

FOR SALE DETAILS

PRICE

$3,547,523 USD

PRICE/SF

$240 USD /SF

CAP RATE

7.47%

% 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

2005

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

C1

APN/PARCEL ID

065C-C-001.00

ASK ABOUT THIS PROPERTY

Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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