805 Main St, Livingston, TN 38570
13,650 SF | Retail Building | Livingston, TN 38570 | $3,440,000 ($252/SF) | 6.75% Cap Rate
For Sale
Active
Asking Price $3,440,000
- Property Type
-
Retail
- Square Feet
- 13,650 SF
- Price / Square Foot
- $252
Listing Contacts
- Property Info
Property Overview
Walgreens is positioned with excellent access and visibility along Main Street (19,621 VPD) in Livingston, Tennessee – equidistant from Nashville and Knoxville.
Walgreens is strategically situated within the area’s main retail and commercial corridor, directly adjacent to Subway and across from McDonald’s and American Bank & Trust. The site is less than a mile southwest of downtown Livingston, with nearby traffic drivers including Dollar Tree, the United States Post Office, and Livingston Regional Hospital (114 Beds).
Livingston is a component of the Cookeville Micropolitan Statistical Area (Population: 117,267) and is the county seat of Overton County (Population: 22,864). The county is home to two state parks and Dale Hollow Lake –renowned in the state for its fishing.
Walgreens is strategically situated within the area’s main retail and commercial corridor, directly adjacent to Subway and across from McDonald’s and American Bank & Trust. The site is less than a mile southwest of downtown Livingston, with nearby traffic drivers including Dollar Tree, the United States Post Office, and Livingston Regional Hospital (114 Beds).
Livingston is a component of the Cookeville Micropolitan Statistical Area (Population: 117,267) and is the county seat of Overton County (Population: 22,864). The county is home to two state parks and Dale Hollow Lake –renowned in the state for its fishing.
Property Details
- Class
- B
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Drug Store, Freestanding
- Lot Size (sq. ft)
- 54,450 SF
Highlights
- Long term 13 year corporate lease with 12 5-year options
- Investment grade tenant (S&P: BBB-)
- Fee simple NNN with no landlord responsibilities
- RARE 5% rent increases every 5 years (including option periods)
- Situated along retail corridor with a traffic count of over 23k VPD
- Half a mile from Livingston Regional Hospital (114 beds)
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