Walgreens
Walgreens pharmacy in Dyersburg, Tennessee, offered at $3,500,000 at a 7.00% cap ($282,000 NOI). The single-tenant asset is secured by a triple-net lease running through October 31, 2030, with ten additional 5-year renewal options, providing long-term income stability and minimal landlord involvement.
Built in 1985, the 14,820 SF single-story building sits on a 0.47-acre parcel along a high-traffic corridor in the county seat of Dyer County. The location benefits from approximately 20,000 vehicles passing daily and strong visibility as a pharmacy anchor. The property is fully occupied and generates $282,000 in annual rental income.
- Triple-net lease through October 31, 2030 with ten 5-year renewal options
- 20,000+ daily vehicle traffic on high-visibility corridor
- 7.00% cap rate, fully occupied
- County-seat location in Dyer County
- Passive, management-free investment
More property details
Location
This investment opportunity features a Walgreens pharmacy in Dyersburg, Tennessee, operating under a long-term triple-net (NNN) lease. Located on a high-traffic corridor with more than 20,000 vehicles passing daily, the property benefits from strong visibility in the county seat of Dyer County. The lease runs through October 31, 2030, with ten additional 5-year renewal options, providing long-term income potential. The property generates an annual rental income of $282,000 and is offered at a sale price of $3.5 million, reflecting an attractive 8.06% cap rate.