Walgreens Absolute NNN Drug
950 Hwy 51 N Covington, TN 38019
950 Hwy 51 N, Covington, TN, 38019
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For Sale
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Built in 2004, this Walgreens absolute triple-net property features a long-term lease with no landlord responsibilities.
Property Size14,560 SF
Lot Size1.82 Acres
Days on Market104
Property Features for 950 Hwy 51 N
General Information
- Standard status
- Active
- Size
- 14,560 SF
- Lot size
- 1.82 Acres
- Property subtype
- Retail
Listing agency
SURMOUNT
(332) 345-4222
Listed by
Glen Kunofsky · License #NY 49KU1129178
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 10:47PM Checked: Jul 22 at 10:47PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This Walgreens absolute triple-net drug store was built in 2004 and includes 14,560 square feet of building space on 1.82 acres of land. The property is offered with approximately 9.5+ years remaining on an original 75-year absolute triple-net (NNN) lease structure, with no landlord responsibilities.
The current rent is $261,000, and the lease is scheduled to expire May 31, 2079. The tenant also has the ability to terminate every five years beginning in May 2029. The property is located at 950 Highway 51 North in Covington, Tennessee.
The current rent is $261,000, and the lease is scheduled to expire May 31, 2079. The tenant also has the ability to terminate every five years beginning in May 2029. The property is located at 950 Highway 51 North in Covington, Tennessee.
Key Highlights
- Walgreens property at 950 Highway 51 North, Covington, Tennessee, built in 2004
- 14,560 SF building on 1.82 acres
- Original 75‑year absolute triple‑net (NNN) lease with ~9.5+ years remaining
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
Similar Off Market Nearby
- Walgreens Pharmacy — 950 U.S. Hwy 51, Covington, TN 38019
- Aliza Concus, PharmD — 950 U.S. 51 S, Covington, TN 38019
- COVID-19 Drive-Thru Testing at Walgreens — 950 US-51, Covington, TN 38019
- Jennifer Krauss, PharmD — 950 U.S. 51 S, Covington, TN 38019
- Doc's Hometown Pharmacy — 951 US-51 Suite C, Covington, TN 38019
FAQs
What type of property is this?
Drug store - Built in 2004, this Walgreens absolute triple-net property features a long-term lease with no landlord responsibilities.
Where is this drug store located?
The property is located at 950 Hwy 51 N Covington, TN.
What are key features of this property?
This property features: Walgreens property at 950 Highway 51 North, Covington, Tennessee, built in 2004; 14,560 SF building on 1.82 acres; Original 75‑year absolute triple‑net (NNN) lease with ~9.5+ years remaining
