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805 W Madison Ave
Athens, TN 37303
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corner store!
- Over 11,000 vehicles per day
EXECUTIVE SUMMARY
25 year NNN lease with 10 - 5 year options. This Walgreens in Athens, Tennesse opened in 2005 with a 25 year corporate guaranteed lease. Athens is the county seat of McMinn County. The Athens metro has over 50,000 residents. Athens is located in the southeast part of Tennesse between Chattanooga, TN and Knoxville, TN. The yearly rental income is $265,000. The CAP is 7.47% with a sales price of $3,547,523. The 14,550 square foot building sits on 1.64 +- acres. There are over 11,000 vehicles per day in front of the store. If you have any questions or need anything, please just let me know. If you are interested in this store, please get me something in writing and let me see what I can do!
Walgreens
805 W Madison Avenue
Athens, Tennessee 37303
Walgreens
805 W Madison Avenue
Athens, Tennessee 37303
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,764 SF
Building Class
B
Year Built
2005
Price
$4,884,549 CAD
Price Per SF
$330.84 CAD
Cap Rate
7.47%
NOI
$364,876 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.64 AC
Zoning
C1 - Commercial
Parking
64 Spaces (4.33 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 065C-C-001.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $936,948 CAD |
PROPERTY TAXES
Parcel Number
065C-C-001.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$936,948 CAD
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