11305 Chapman Hwy, Seymour, TN 37865
14,490 SF | Retail Building | Seymour, TN 37865 | $4,285,000 ($296/SF) | 6.65% Cap Rate
For Sale
Active
Asking Price $4,285,000
- Property Type
-
Retail
- Square Feet
- 14,490 SF
- Price / Square Foot
- $296
Listing Contacts
- Property Info
Property Overview
The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to purchase a single tenant absolute NNN leased investment (fee simple) that is fully occupied by Walgreens with 5.7 lease years remaining and options to extend through 2078. Located in Seymour, TN, the subject property is positioned at the intersection of Chapman Hwy (Hwy 441) and Marysville Hwy (Hwy 35) which have a combined traffic count of over 27,000 VPD. Seymour, TN is part of the Knoxville MSA (population: 861,000) and is only 12 miles from downtown Knoxville. Nearby Retailers include Food City, Tractor Supply Co., AutoZone, Starbucks, McDonald’s, Taco Bell, and Burger King. This is an excellent opportunity to purchase an investment grade (rated “BBB” by S&P) NNN leased asset with zero landlord obligations that has successfully operated at this location for over 20 Years.
Property Details
- Class
- B
- Year Built
- 2003
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 43,560 SF
Highlights
- Proven Long Term Absolute NNN Lease since 2003 by Walgreens (NASDAQ: WBA) - 5+ Years Left
- High Profile Corner along Hwy 441 & 338 - Main Intersection of City - Dense Commercial Trade Area
- Rare Combination of Strong Sales way Above Average with Below Market Rent - Low Downside Risk
- Affluent Suburb of Knoxville - Huge Population Growth - Ranked Top “Best Mid-Size Cities in U.S.” 2023
- Large 1.74 Acre Parcel - Zero LL Duties - Steady Increase of Annual Sales - Across from Food City Market
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