Walgreens

The Lease is guaranteed by The Walgreens Company, an investment grade, net lease tenant with outstanding corporate financials (S&P ‘BBB’ Credit Rating). Walgreens is an industry leader in the retail pharmacy industry with over 9,500 locations throughout the United States.

Walgreens extended the Lease until 2030, showing a rare commitment to the location. Additionally, the Lease includes six (6), five (5) Year Tenant options to renew, extending the total term to 2070.

Tenants in the immediate area include Sonic, BB&T, Wendy’s, McDonald’s, ALDI, NAPA, Big Lots, Arby’s, Advance Auto Parts, Subway, Tractor Supply, O’Reilly, Hardee’s, Taco Bell, Meineke, Valvoline, AutoZone, Gold’s Gym, Dollar General Market, Sherwin-Williams, Burger King, Domino’s, Boost, Home Depot, Walmart Supercenter, Firehouse Subs, Mobil, KFC, Starbucks, UPS, and many more.

With over 9 Years remaining on the current term, the property possesses ideal net lease fundamentals, highlighted by a long-term NNN lease structure.

Subject Walgreens is situated on the main retail artery of Lenoir City, Tennessee, boasts excellent visibility off US-321 (±26,000 VPD), & is out-parceled to the newly developed Ingles Shopping Center, which is a ±95,000 Sq. Ft., Fully Occupied Neighborhood Center, a main traffic driver in the area.