Walgreens - Elizabethton
214 Broad St
Walgreens - Elizabethton - Retail for sale
•The Property possesses ideal net lease fundamentals, highlighted by an Absolute NNN structure with no landlord responsibilities, over 11 years of remaining primary term remaining before the Tenant’s termination right.
•The lease is guaranteed by Walgreens Company, an investment-grade tenant with a ‘BBB’ credit rating from Standard & Poor’s. Walgreens is an industry leader in the retail pharmacy industry with over 9,500 locations throughout the United States.
•The Asset is strategically located within historic downtown Elizabethton, TN, at the intersection of Highway 321 (26,900 VPD) and Lynn Avenue. Downtown Elizabethton is home to a renowned antique shopping district, with a diversity of shops and eateries that are unmatched in the area
•No other Walgreens/Rite Aid store is located within Elizabethton, and the closest Walgreen store is more than 8 miles away, in neighboring Johnson City.
•Johnson City is the ninth-largest city in the state with an estimated population of over 66,000 residents. The city constantly gets national recognition for livability ranking #56 in Livability.com’s annual list of Top 100 Best places to Live and is home to East Tennessee State University bringing over 16,000 students.
|Tenure Type||Sale / Purchase|
|Property Address||214 Broad St, Elizabethton, TN 37643-2714|
|Land In Acres||1.36|
|Building Size||14,453 ft2|
|Tenant's Name||Walgreens Company|
|Credit Rating (S&P)||BBB|
|Credit Rating (Moody's)||Ba2|
|Lease Expiration Date||04/30/2030|
Other properties you may be interested in
Identity Group - Net Lease Industrial Portfolio
Various - See Om For Details, , TNType(s): IndustrialTenure(s): Sale / PurchasePrice ($USD): 8,000,000Space Available: 200,749 ft2
Bob's Discount Furniture - Stoughton, MA
601 Technology Center Dr, Stoughton, MA 02072-4719Type(s): RetailTenure(s): Sale / PurchasePrice ($USD): 9,390,000Space Available: 34,136 ft2
Walgreens - East Providence
600 Warren Ave, East Providence, RI 02914-2808Type(s): RetailTenure(s): Sale / PurchasePrice ($USD): 3,790,850Space Available: 16,657 ft2
Bob's Discount Furniture
515 Boston Post Rd, Orange, CT 06477-3509Type(s): RetailTenure(s): Sale / PurchasePrice ($USD): 6,588,000Space Available: 28,024 ft2
Walgreens - Westbrook, CT
1211 Boston Post Rd, Westbrook, CT 06498-1949Type(s): RetailTenure(s): Sale / PurchasePrice ($USD): 8,532,000Space Available: 14,820 ft2
Ashley HomeStore - Leasehold
51 Richards Ave, Norwalk, CT 06854-2309Type(s): RetailTenure(s): Sale / PurchasePrice ($USD): Contact UsSpace Available: 24,041 ft2