Walgreens | 13 Year NNN Corporate Lease

$3,137,000

805 West Main Street, Livingston, TN 38570

For Sale

Retail Free Standing

Active

Last Updated: 01/27/2025

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

Offered by

Rich Lydon

Managing Director

Equity Investment Advisors

#CA Lic. 0146699

Request Info to Unlock

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.