Overview
- Price:
- $ 5,475,000 ~11
- CAP Rate:
- 6.30%
- Years Guaranteed:
- ~11
- NOI:
- $345,000
Investment Highlights
CLINTON, TN WALGREENS
- True NNN lease with ~11 years guaranteed rent
- Tennessee has no state income tax
- High traffic corner sees 23,900 cars per day at intersection
- Requires only ~$1.58M cash down; in-place loan MUST be assumed (8+ years remain on loan)
- Returns $1,461,138 to investor over life of loan
- Generates $91,118 in net annual cash flow after debt service
- NNN has no landlord responsibilities
- Walgreens corporate credit guarantees the rent
Address: 245 South Main St
City: Clinton
State/County: Tennessee
Zip: 37716
Country: United States
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