Property summary
This exceptional investment opportunity presents a fee-simple, Class A, 2,502 square foot Walgreens located at 1011 Hwy 411, Etowah, TN 37331. The property boasts a strong 6.15% cap rate and a substantial $125,000 annual net operating income (NOI). Secured by a corporate guarantee, the absolute NNN lease features a 10-year term commencing October 1, 2023, with a remaining term of 8.9 years and four 5-year renewal options. Rent increases of 5% every five years are built into the lease. … Strategically positioned across from Starr Regional Medical Center, this newly constructed, drive-through prototype store benefits from high visibility on Highway 411 N (12.9K VPD) and enjoys a dedicated left-turn lane. The 0.94-acre lot offers ample space, and an additional 0.5-acre parcel is available for purchase. This is a turnkey investment with minimal landlord responsibilities, offering a compelling combination of strong tenant, location, and lease terms. The property's proximity to the hospital significantly boosts pharmaceutical sales. This is a rare opportunity to acquire a high-performing Walgreens in a prime location with significant long-term growth potential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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