Walgreens | Long Term Absolute NNN Single Tenant Lease

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant NNN leased Walgreens Pharmacy in Johnson City. TN. Walgreens is one of the largest drugstore chains in the U.S. and operates over 9,000 Stores in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The 75-year corporate guaranteed lease has over 10 firm lease years remaining in the primary term with zero landlord responsibilities and potential for additional percentage rent.

The 18,820 SF standalone building with drive-thru on large 1.93-acre parcel is strategically positioned on the hard corner signalized intersection of N Roan Street and Carroll Creek road which have a combined traffic count exceeding 20,800 VPD and prospers from excellent visibility and access. Nearby retailers include Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s Home Improvement, Hobby Lobby, Food City, Ingles Market, CVS, Dollar General, Express Oil Change, McDonald’s, Starbucks, and Hardees.

This is an excellent opportunity to purchase a triple net leased corporate Walgreens in Tennessee with a long-term lease, no landlord duties and strong site fundamentals providing stable cash flows for years to come.

Available