Walgreens for Sale in Johnson City, TN
Johnson City, TN
Key Investment Metrics
Price
$3,953,757
Cap Rate
8.7%
Net Operating Income
$342,000
Building Size
14744 SF
Land Area
2.04 Acres
Remaining Term
8.5 years
Lease Expiration
09/01/2033
Lease Term
25 years
Lease Commencement
09/01/2008
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2008
Occupancy
100%
Tenancy
Single
Property overview
Walgreens in Johnson City
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 14,744 SF
- Land area
- 2.04 acres
- Year built
- 2008
- Lease type
- Absolute NNN
- Lease expiration
- 09/01/2033
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.