11305 Chapman Hwy Seymour, TN 37865

This exceptional investment opportunity presents a 14,490-square-foot Walgreens pharmacy, situated on a 1.74-acre lot at 11305 Chapman Hwy, Seymour, TN 37865. The property boasts a strong absolute NNN lease with Walgreens (a tenant rated BBB by S&P), offering a 6.65% cap rate and a substantial net operating income (NOI) of $285,000. The lease, originally commencing December 1, 2003, has a remaining term of approximately four years, with options extending through 2078. The property benefits from a high-traffic location at the intersection of Chapman Hwy (Hwy 441) and Marysville Hwy (Hwy 35), boasting a combined daily traffic count exceeding 27,000 vehicles. This prime location is part of the Knoxville MSA, only 12 miles from downtown Knoxville, and is surrounded by other established businesses including Food City, Tractor Supply Co., AutoZone, Starbucks, McDonald's, Taco Bell, and Burger King. The asking price is $4,285,000, translating to a price per square foot of $295.72. This presents a rare opportunity to acquire a low-risk, investment-grade asset with minimal landlord responsibilities and a history of successful operation exceeding 20 years. The property's size and location within a growing, affluent suburb contribute to its long-term value and potential for appreciation.