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Hiwasee Village 856-880 Tennessee Ave 8,000 SF of Retail Space Available in Etowah, TN 37331



HIGHLIGHTS
- former Walgreens location
- retail
- State Route 30
- free standing
- medical space
- Interstate 75
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,000 SF | 5-10 Years | $12.56 CAD/SF/YR $1.05 CAD/SF/MO $100,506 CAD/YR $8,376 CAD/MO | TBD |
860-880 Tennessee Ave - 1st Floor
The property being offered is the former Walgreens drugstore, which is a freestanding building located at 856 Highway 441 N.
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 8,000 SF | Frontage | 392’ on Tennessee Ave |
| Center Type | Neighborhood Center | Gross Leasable Area | 17,729 SF |
| Parking | 65 Spaces | Total Land Area | 2.06 AC |
| Stores | 1 | Year Built | 1987 |
| Center Properties | 1 |
| Total Space Available | 8,000 SF |
| Center Type | Neighborhood Center |
| Parking | 65 Spaces |
| Stores | 1 |
| Center Properties | 1 |
| Frontage | 392’ on Tennessee Ave |
| Gross Leasable Area | 17,729 SF |
| Total Land Area | 2.06 AC |
| Year Built | 1987 |
ABOUT THE PROPERTY
Property Highlights: Free Standing building formerly leased by Walgreens drug store. Ideal Location: Situated at 856 Hwy 411 North, Etowah, TN 37331, this property benefits from its strategic positioning in McMinn County. Conveniently located along State Route 30 and near Interstate 75, it ensures excellent accessibility and visibility for your business. Remarkable Demand: Etowah is experiencing substantial growth in population, leading to a steadily increasing customer base. The area's vibrant economy and strong consumer demand make it an attractive destination for various businesses. Versatile Possibilities: This unique second-generation space, previously occupied by Walgreens, provides versatile opportunities for your business. Similar former Rite Aid locations have been successfully transformed into urgent cares, auto parts stores, dollar stores, medical facilities, and more. Favorable Tenant Mix: Etowah is home to a variety of successful businesses, including Piggly Wiggly, DG Market, Family Dollar, Bargain Barn, Domino's, McDonald's, Hardee's, Subway, and many other thriving restaurants and retailers. Why Choose Etowah? Supportive Business Environment: The local community and government in Etowah are known for their receptiveness to new businesses. You can expect ample resources, assistance, and a welcoming atmosphere for your entrepreneurial ventures. Growing Population: With a steadily growing population, your business can tap into a diverse and expanding customer base, creating a stable flow of local customers and potential clients. Strategic Location: Etowah's strategic position in McMinn County provides easy access to major transportation routes, enhancing your business's reach and distribution capabilities. Economic Opportunities: The area offers a range of economic opportunities across various sectors, including retail, medical, and more. Coupled with the growing population, businesses have the potential to thrive and establish a loyal customer base. Affordable Business Environment: Compared to larger metropolitan areas, Etowah provides a more affordable setting for conducting business. Manageable overhead expenses and favorable real estate costs allow businesses to optimize their resources effectively. Supportive Community: Etowah's tight-knit community values and supports local businesses. You can count on a loyal customer base and a positive reputation within the community. Quality of Life: Enjoy the benefits of a high quality of life in Etowah, with its serene small-town ambiance, access to natural beauty, and a variety of recreational opportunities. This can be attractive to potential employees, contributing to your recruitment and retention efforts. Contact Us for More Information: 561-691-4600 For further details and a flyer on the available locations, please reach out to us at mtg@nlreit.com.
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Hiwasee Village | 856-880 Tennessee Ave
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