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Walgreens | 13 Year NNN Corporate Lease

$3,137,000

805 West Main Street, Livingston, TN 38570

Active
Last Updated: 01/27/2025

7.4

Cap Rate

232,050

NOI

Details:
Cap Rate:    7.4%
NOI:    $232,050
Building Size:    13,650 sqft
Lot Area:    1.25 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2008
Price Per Sqft:    $330.40
Tenancy:    Single
Parking Spots:    62
Lease Expire Year:    08/31/2035
Highlights:
  • 13 year corporate lease with 12 5-year options
  • Corporate Guarantee (NASDAQ: WBA)
  • Fee simple NNN with no landlord responsibilities
  • RARE 5% rent increases every 5 years (including option periods)
  • Situated along retail corridor with a traffic count of over 23k VPD
  • Half a mile from Livingston Regional Hospital (114 beds)
Description:

Walgreens is positioned with excellent access and visibility along Main Street (19,621 VPD) in Livingston, Tennessee – equidistant from Nashville and Knoxville.

Walgreens is strategically situated within the area’s main retail and commercial corridor, directly adjacent to Subway and across from McDonald’s and American Bank & Trust. The site is less than a mile southwest of downtown Livingston, with nearby traffic drivers including Dollar Tree, the United States Post Office, and Livingston Regional Hospital (114 Beds).

Livingston is a component of the Cookeville Micropolitan Statistical Area (Population: 117,267) and is the county seat of Overton County (Population: 22,864). The county is home to two state parks and Dale Hollow Lake –renowned in the state for its fishing.

Map:
Documents:
Title
OM_Walgreens_Livingston_TN.pdf
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Today's Available Mortgage Rates

805 West Main Street, Livingston, Tennessee 38570

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/13/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$15,101 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $2,352,750 Loan Amount
Details
BankLender #1459
7 Year Fixed
25 Year Amortization
Interest rate 6.06% 7 Year Fixed
Mo. Payment$15,245 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $2,352,750 Loan Amount
Details
BankLender #1459
10 Year Fixed
25 Year Amortization
Interest rate 6.06% 10 Year Fixed
Mo. Payment$15,245 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $2,352,750 Loan Amount
Details
Speak With a Loan Consultant

CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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