Description

This investment opportunity features a freestanding Walgreens located at 805 W Madison Avenue in Athens, the county seat of McMinn County. Opened in 2005, the property is secured by a 25-year corporate guaranteed NNN lease with ten additional five-year renewal options, providing long-term stability. The 14,550-square-foot building sits on approximately 1.64 acres and benefits from traffic counts exceeding 11,000 vehicles per day. Athens, situated in Southeast Tennessee between Chattanooga and Knoxville, serves a metro population of more than 50,000 residents. The property generates annual rental income of $265,000 and is offered at a sales price of $3,547,523, reflecting a 7.47% cap rate—an attractive opportunity for investors seeking a stable, long-term net-leased asset.