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    Athens, TN Drug Stores for Sale

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    Athens Walgreens NNN Investment Opportunity
    Updated: Nov 13, 2023
    Athens Walgreens NNN Investment Opportunity

    805 W Madison Ave, Athens, TN 37303

    $3,299,999
    14,550 sqft 1.64 AC lot
    25‑year NNN lease with 10 - 5 year options
    Corporate guaranteed lease with Walgreens
    Yearly rental income of $265,000
    7.47% CAP rate
    Located in Athens, Tennessee, the county seat of McMinn County, with a metro area of over 50,000 residents
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Athens, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Lee Hwy Investment Opportunity
    Lee Hwy Investment Opportunity

    6680 Lee Highway, Chattanooga, TN 37421

    $3,876,000
    3,706 sqft

    NNN investment property in a rapidly evolving commercial corridor.

    View details
    Pharmacy Building Available For Sale
    Pharmacy Building Available For Sale

    502 Highland Ter, Murfreesboro, TN 37130

    $230,000
    614 sqft 0.29 AC lot

    Commercial building previously used as a pharmacy since 1980.

    View details
    Retail Property Near New Stadium
    Retail Property Near New Stadium

    3550 Broad St, Chattanooga, TN

    $4,000,000
    15,120 sqft 2.10 AC lot

    Retail property in high-traffic area near new developments.

    View details
    Corner Lot Commercial Property
    Corner Lot Commercial Property

    1703 Bradyville Pike, Murfreesboro, TN 37130

    $900,000
    1,995 sqft

    Commercial property on a corner lot in a high-traffic area.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Woodstock Land Near Retail
    Woodstock Land Near Retail

    Black Oak Trail, Woodstock, GA 30189

    Contact for pricing
    0.25 AC lot

    Land in Woodstock, GA, close to retail and recreation.

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    Douglasville Land Approved for Development
    Douglasville Land Approved for Development

    3692 Highway 5, Douglasville, GA 30135

    $1,000,000
    3.00 AC lot

    3 acres pre-approved for mixed-use development near Douglasville.

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    B4 Office Development Land
    B4 Office Development Land

    Rock Springs Road lot: 5, Kingsport, TN 37664

    $75,000
    0.62 AC lot

    Commercial land zoned B4 with use restrictions for professional and related office development.

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    Commercial Land Parcel with Highway Frontage
    Commercial Land Parcel with Highway Frontage

    5728 Reidville Road, Moore, SC 29369

    $999,900
    12.10 AC lot

    Commercial land offering substantial frontage and flexibility for a variety of development concepts.

    View details

    Athens, TN Drug Stores Market Trends and Statistics

    Explore 1 drug stores for sale in Athens, TN on our real estate platform. These investment opportunities span a total of 14,550 square feet of properties for sale, with an estimated market value of $3,299,999.

    Sale prices for pharmacies in Athens, TN start at $3,299,999, averaging $3,299,999, and reaching up to $3,299,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 5
    Storefront properties 3
    Automotive properties 2
    Banks 2
    Auto shops 1

    Demographics Overview

    Population 25K
    Population Growth (5Y) +4.5%
    Median Household Income $60,874
    College Educated 14.3%

    High-Yield Neighborhoods for Investment

    Identify Athens submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    37303 $3.3M

    Taxes & Financing

    Tax Rate (average for all types) 2.03%
    Property Tax per SF $38.78 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McMinn County

    New Delisted

    Total CRE Inventory on Market (SF)

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