950 N Washington Ave - Drug Store FOR SALE


Cookeville, TN 38501
$4,051,000 USD
480-221-4221
950 N Washington Ave, Cookeville, TN for Sale
$4,051,000 USD
Drug Store - FOR SALE
1/7
null | 7.5% Cap Rate

950 N Washington Ave
Cookeville, TN 38501


HIGHLIGHTS

  • Over 13 Years Remaining | Corporate Signed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Jackson Plaza (394,000 SF) |Towne Plaza (102,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

- Over 13 years remaining with 12 (5-year) option periods to extend - Lease is corporate signed by Walgreen Co. - Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation in an income tax free state

FOR SALE DETAILS

PRICE

$4,051,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 13+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

Neighborhood Commercial

APN/PARCEL ID

040N-F-002.00

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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