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Walgreens

3550 Broad Street, Chattanooga, TN, USA
$5,261,905 5.25% Cap 15,120 sq ft Built 2001 Representative Photo Print This Page

Location

3550 Broad Street, Chattanooga, TN, USA

Asking Price: $5,261,905
Cap Rate: 5.25%
Net Operating Income: $276,250
Square Footage: 15,120
Lot Size: 2.1 AC
Year Built: 2001

100% Fee Simple InterestCorporate GuaranteeInvestment Grade CreditLocated on a Major Commercial ThoroughfareLong Term Net LeaseMinimal Landlord ObligationsS&P Rated BBBStrong Store SalesSurrounded by Major Retailers

The subject property is a 15,120 square foot building, leased to Walgreens in Chattanooga, Tennessee. Walgreens is subject to a NN lease which calls for minimal landlord responsibilities. The asset is nearby several local and national retailers and across the street from a brand new Publix. This site boasts strong store sales of over $2.7MM.

Chattanooga, a city in southeastern Tennessee, is set along the Tennessee River in the foothills of the Appalachian Mountains. Its trolleylike Incline Railway scales steep Lookout Mountain before reaching Ruby Falls waterfall and Rock City, featuring sweeping views, sandstone formations and gardens. Point Park, also atop Lookout, marks the site of a Civil War battle now honored at the Battles for Chattanooga Museum.

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    presented by

    Kase Abusharkh Founding Principal View profile
    Jacob Abusharkh Managing Principal View profile

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