This absolute NNN Walgreens is located in Greeneville, Tennessee, which is situated at the foothills of the Appalachian Mountains. The property was just repriced with a 6.15% cap rate and affordable rent. It boasts an excellent, high traffic location and offers investors a great opportunity to own a “hands off” investment vehicle.
The property has a triple net lease, which has zero landlord responsibilities. Additionally, it offers a lower per square foot price than many comparable NNN Walgreens. Tennessee also has some state tax advantages, relative to other states.
Walgreens (walgreens.com), one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. From walgreens.com®
Brisky Net Lease is a relationship driven boutique CRE firm headquartered in Minneapolis, MN. We strive to provide an extremely high level of service with a national reach. If you would like more information on any of our listings, please contact us at 612-413-4200 or visit www.briskynetlease.com.