Athens Walgreens NNN Investment
805 W Madison Ave Athens, TN 37303
805 W Madison Ave, Athens, TN, 37303
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For Sale
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NNN leased Walgreens in Athens, TN with corporate guarantee.
Property Size14,550 SF
Lot Size1.64 Acres
Price / SF$226.80
Days on Market980
Property Features for 805 W Madison Ave
General Information
- Standard status
- Active
- Size
- 14,550 SF
- Lot size
- 1.64 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing Agency
LHT Commercial Real Estate, LLC
(256) 520-5000
Listed by
Jonathan Broadway · License #AL 82483
Source
Crexi
Added: Nov 13, 2023 Updated: Jul 6 at 8:34 am Checked: Jul 19 at 7:39 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LHT Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This Walgreens property in Athens, Tennessee, features a 25-year NNN lease with ten 5-year options. Opened in 2005, the lease is corporately guaranteed. Situated in Athens, the county seat of McMinn County, the metro area has a population exceeding 50,000 residents. Athens is located in southeastern Tennessee, between Chattanooga and Knoxville. The property generates an annual rental income of $265,000, reflecting a 7.47% capitalization rate based on the sale price of $3,547,523. The building encompasses 14,550 square feet and is positioned on a 1.64-acre lot. The location benefits from high traffic volume, with over 11,000 vehicles passing by daily. The property is located at 805 W Madison Avenue.
Key Highlights
- 25‑year NNN lease with 10 - 5 year options
- Corporate guaranteed lease with Walgreens
- Yearly rental income of $265,000
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
Walgreens
Pharmacy
Philip A. Gregory, RPH
Pharmacy
Western Union
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- CVS Pharmacy — 220 E Washington Ave, Athens, TN 37303
- CVS — 220 E Washington Ave, Athens, TN 37303
- Food City Pharmacy — 105 S Hill St, Athens, TN 37303
FAQs
What type of property is this?
Drug store - NNN leased Walgreens in Athens, TN with corporate guarantee.
Where is this drug store located?
The property is located at 805 W Madison Ave Athens, TN.
What is the asking price?
The asking price for this property is $3,299,999.
What are key features of this property?
This property features: 25‑year NNN lease with 10 - 5 year options; Corporate guaranteed lease with Walgreens; **Yearly rental income of $265,000**
