Cookeville, TN - Walgreens

Description:

- Over 13 years remaining with 12 (5-year) option periods to extend
- Lease is corporate signed by Walgreen Co.
- Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation in an income tax free state

- Located near the signalized, hard corner intersection of N Washington Ave and E. 10th St with a combined 35,400 vehicles passing by daily
- Positioned a few miles northeast of Jackson Plaza, a 394,000 square foot shopping center anchored by Hobby Lobby, Belk, Food Lion, and more
- Situated just north of Towne Plaza, a 102,000 square foot shopping center that is anchored by Gabe’s and DG Market
- Located in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Kohl’s, Kroger, ALDI, Dollar General, and more, further increasing consumer traffic to the site
- Strong tenant synergy promotes crossover shopping to the subject property