Walgreens — Sale in Etowah, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Etowah, TN 37331

Photos

Walgreens — Sale in Etowah, TN, photo 1 of 4
Walgreens — Sale in Etowah, TN, photo 2 of 4
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Walgreens — Sale in Etowah, TN, photo 4 of 4

Investment Figures

Cap rate
6.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

RELOCATION WALGREENS | 2,500 SF COOPER PROTOTYPE • The subject property is a new construction 2,502 SF “Cooper” prototype with a drive thru that focuses specifically on pharmacy. • This is a relocation store from a former Walgreens down the street. This speaks to Walgreens’ confidence and dedication to the Etowah Market. DIRECTLY ACROSS FROM AN 88 BED HOSPITAL COMPLEX • This Walgreens is strategically located on Hwy 411 (12,806 VPD) and is directly across the street from Starr Regional Medical Center – Etowah. • Starr Regional Medical Center’s Etowah campus is home to an emergency department, outpatient services, an 88-bed skilled and long - term care nursing home, a senior care program and wound care center. • More than 690 staff members of 20 providers work at Starr Regional Medical Center. • The health system invested over $9 million in capit al improvements in 2024, including equipment and technology upgrades. • National Retailers on Hwy 411 include Food City, Dollar General, Advance Auto Parts, McDonalds and more. NO DRUG STORE COMPETITION • There are no other national pharmacies in the city of Etowah. • The nearest CVS and Walgreens are over 10 miles away. CHATTANOOGA MSA | TN HAS NO STATE INCOME TAX • Tennessee has no state income tax, making it one o f the states with the lowest taxes. • Etowha, TN is located 60 miles NE o f Chattanooga and is part of the Chattanooga MSA (547,776+). • Chattanooga is the fourth largest city in Tennessee with a population of over 170,000 people. • Major industries that drive the economy include automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and corporate headquarters. 7.75 YEAR CORPORATE NNN LEASE • This property has 7 years remaining on a 10 year NNN corporate lease. • The Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 4-Five year option periods with 5% rent increases every 5 years beginning in Option 3. WALGREENS

Market Context

This retail in Etowah, TN is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Etowah, TN — view the full market.

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