Walgreens
703 S Congress Blvd,
Smithville,
TN
37166
$3,716,000
| Status | Sold |
|---|---|
| Price | $3,716,000 |
| Cap Rate | 4.50% |
| NOI | $167,190 |
| Lease Type | Absolute NNN |
| Lease Term | 13 Years |
| Lease Start | 9/1/2022 |
| Lease Expiration | 8/31/2035 |
| Building Size | 11,146 SF |
| Lot Size | 1.20 AC |
Overview
Walgreens is positioned with excellent access and visibility along Main Street (19,621 VPD) in Livingston, Tennessee – equidistant from Nashville and Knoxville.
Walgreens is strategically situated within the area’s main retail and commercial corridor, directly adjacent to Subway and across from McDonald’s and American Bank & Trust. The site is less than a mile southwest of downtown Livingston, with nearby traffic drivers including Dollar Tree, the United States Post Office, and Livingston Regional Hospital (114 Beds).
Livingston is a component of the Cookeville Micropolitan Statistical Area (Population: 117,267) and is the county seat of Overton County (Population: 22,864).