Walgreens | Clinton, Tennessee | Knoxville MSA

245 S Main Street Clinton, TN 37716

245 S Main Street, Clinton, TN, 37716
245 S Main Street, Clinton, TN, 37716 245 S Main Street, Clinton, TN, 37716
FOR SALE
Property Type:
Street Retail
Amount:
$6,272,000
Last Verified:
Jul 15, 2022

Highlights

  • Tax Free State
  • Knoxville MSA
  • NNN Lease
  • STABLE INCOME - Income guaranteed by Walgreens Corporation with over 8,900 locations.
  • ABS NNN LEASE WITH 6+ YRS - Lease has ±6 years of primary lease term on an abs net lease with no landlord responsibilities and allows for 10 (5-year) options.

Description

SVN Southland is pleased to present this NNN Walgreen's in Clinton, Tennessee. There are 6+ years remaining in the primary lease term. There are 10 (5-year) options to renew. There are many other national tenants surrounding the property such as Burger King, McDonalds, Advance Auto, and many more. This site benefits from high traffic counts with over 24,000 vehicles per day. There are several major manufacturing companies located in Clinton.

This Walgreens store is located in Clinton, Tennessee which is in the Knoxville MSA. This High traffic corner sees 24,000 cars per day at the intersection. The Growth in Clinton has remained steady over the years and has increased over 7.5% since 2000.

Building Size: 13650sq ft
Lot Size: 1.84 acres


Documents

NEW - Brochure (L)

Map of 245 S Main Street, Clinton, TN, 37716

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.