deal image
1011 Hwy 411Etowah, TN 37331
Walgreens | Etowah, TN
Asset ClassRetail
Cap Rate6.15%
6.15% Cap Rate | Abs. NNN Lease
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Walgreens in Etowah, TN. The site is strategically positioned next to the Starr Regional Medical Center, driving pharmaceutical sales. The opportunity provides a long-term investment with zero landlord responsibilities backed by a Corporate lease from Walgreens.

Access the Data Room

Investment Highlights

STRATEGICALLY POSITIONED TO NEARBY HOSPITAL

  • Across the street from Starr Regional Medical Center, a 116K SF, 88-bed Medical Center
  • Close proximity to Starr Regional drives pharmaceutical sales at this location
  • Subject site out-positions other nearby pharmacies

ATTRACTIVE LEASE FUNDAMENTALS

  • Abs. NNN Lease providing Zero Landlord Responsibilities
  • New 10 year lease with 4 - 5 year option periods

STRATEGIC RELOCATION STORE

  • This site and location was chosen by Walgreens real estate team
  • Fronting Highway 411 N (12.9K VPD)
  • Full access with dedicated left turn lane into the site

NEW CONSTRUCTION DRIVE THROUGH PROTOTYPE

  • Newly constructed build-to-suit Walgreens with drive through prototype, allowing for lower unit over-head increasing store profitability
  • Transferable warranties in place

OPPORTUNITY TO PURCHASE EXCESS HALF ACRE

  • An additional 0.5 acre parcel is available for sale next to the site
  • Inquire with broker for more details
deal gallery image
deal gallery image
1011 Hwy 411Etowah, TN 37331

Sales Team

deal image

Inquire

Listing provided by Revere CRE