Jefferson City, TN
- Both the store and pharmacy are open 24 hours a day, with strong sales figures of ±$3.25 million being reported.
- Ranked in the top 10% of all Walgreens nationwide in customer visits, according to Placer.Ai.
- CVS is located directly adjacent to the subject property with the next nearest Walgreens over 11 miles to the east.
- Located two miles east of Jefferson Memorial Hospital.
- Oshkosh Corporation, a Fortune 500 company, has a 500,000 square foot facility in Jefferson City and employs approximately 300 employees.
- Walgreens benefits from being located in a 964,000 SF retail corridor with nearby national tenants such as Tractor Supply Co., CVS, Walmart Supercenter, Lowes, Dollar General, O'Reilly, Advance Auto Parts, and Food City.
- Cherokee Reservoir is located 2.5 miles to the north and attracts 1 to 2 million visitors annually.
We are pleased to present the Walgreens property located at 132 E. Broadway Blvd in Jefferson City, Tennessee ("The Property") for sale. This property has been operating successfully for over 18 years and currently has over 5 years of firm term remaining before the 10 (5-year) option periods. Walgreens is operating on an absolute triple net lease which provides for no landlord obligations whatsoever.
This 24-hour Walgreens store is ranked in the top 10% of all Walgreens locations nationwide for customer visits, according to Placer.Ai. The property offers investors the opportunity to acquire a high-sales Walgreens location, which is one of the chain's highest-trafficked locations.
Strategically located two miles east of Jefferson Memorial Hospital, the Property benefits from being positioned adjacent to a CVS and within a trade area with no other Walgreens for over 11 miles. It is also situated less than half a mile from Carson-Newman University, which enrolls approximately 2,585 students. Additionally, Oshkosh Corporation, a Fortune 500 company, operates a 500,000-square-foot facility in Jefferson City.
The Property is part of a well-established retail corridor that has over 964,000 square feet of retail space. Jefferson City is located along Andrew Johnson Highway (U.S. Route 11E), which runs through Tennessee and into Virginia. The city is 28 miles northeast of Knoxville and 13 miles southwest of Morristown, providing direct access to both cities.
