Walgreens

703 S Congress Blvd, Smithville, TN 37166
$3,716,000
Status Sold
Price $3,716,000
Cap Rate 4.50%
NOI $167,190
Price/SF $333
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).