Brand New NNN Lease- New Cooper Prototype Walgreens

Investment Highlights

Brand New 10 Yr. Abs. NNN Corp. Lease by Walgreens Boot Alliance - (NASDAQ: WBA) 2nd Largest Pharmacy Store Chain (Duane Reade) - 8701+ Locations in 50 States/8 Countries Strategic Suburb of Chattanooga/Knoxville - Tax Fee State - Huge Population Growth! High Profile Location in Center of Medical Corridor - Across from Starr Regional Medical Center Rare Value Add Development Opportunity - Separate PAD Available Next Door (.50 Acres) New Drivethru Pharmacy ?Cooper? Prototype with High Margin Store Goods - Bite Size Deal

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to purchase a single tenant Walgreens Cooper in Etowah, TN. Walgreens Cooper, a small format pharmacy concept, is subject to a new 10-year absolute NNN lease with four 5-year option periods, rental increases in options three and four and zero landlord responsibilities making this asset ideal for an investor seeking years of passive cash flows.The newly constructed 2,502 SF building with drive-thru on 0.98-acre parcel is strategically located along Highway 411 (12,900 VPD) and is directly opposite Starr Regional Medical Center. Additional value can be derived from half an acre of excess land which is separately parceled and ready for development. Nearby retailers include Fast Pace Health Urgent Care, DaVita Dialysis, Food City, McDonald?s, Hardees, Waffle House, Circle K, Dollar General, Family Dollar, Dollar Tree and Auto Zone.This is an excellent opportunity to own a brand new absolute NNN leased Walgreens Cooper between Chattanooga and Knoxville Tennessee with no landlord responsibilities and a corporate guaranty providing years of worry-free income.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Convenience Store General Retail Drugstore General Retail Fast Food Freestanding
• Building Size    2,502
• Building Class    B
• Year Built    2023
• Price    2,035,000
• Price Per SF    813
• Cap Rate    6.14
• NOI    125,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    0.99 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.