Walgreens for Sale in Etowah, TN
Etowah, TN
Key Investment Metrics
Price
$2,000,000
Cap Rate
6.3%
Net Operating Income
$125,000
Building Size
2502 SF
Land Area
0.94 Acres
Lease Term
7 years
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
Property overview
Walgreens in Etowah
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,502 SF
- Land area
- 0.94 acres
- Year built
- 2023
- Lease type
- NNN
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.