Just Listed! Dark Walgreens in Crossville, Tennessee

Just Listed! Dark Walgreens in Crossville, Tennessee

Investment Overview:

Marcus & Millichap is pleased to present for sale this dark Walgreens
located at 1106 North Main Street in Crossville, Tennessee. Walgreens
is currently paying rent until June 2024. The property is a large 14,149
Square Foot building on 1.83 Acres of land. Crossville has a population
of over 10,975 and is only a one hour drive to Knoxville and one hour and
twenty minutes from Nashville Via I-40. Crossville is considered a central
hub between the major metropolitans of Nashville and Chattanooga.
This property is located only five minutes from Cumberland Medical
Center, an acute care facility with 189 beds. It is also a short 12 minute
drive from the University of Tennessee with over 28,321 students, 10
minutes from Roane State Community College with over 1,000 enrolled
students and 8 minutes from Tennessee Tech College with 314 students.
Just across the street from this property is Flowers baking Company
of Crossville, Tennessee LLC., which is part of the Bakery Products
manufacturing Industry. There are 125 employees at this location.
Blackberry Ridge Estates is a brand- new luxury duplex community with
over 70 rented luxury duplexes. The same developer of Blackberry Ridge
is planning a new home community nearby called Crossroads Village
and it will have 49 brand new lots available for new home construction.
This property is located only minutes from Fairfield Glade Community, a
master-planned housing community located on 12,000 sprawling acres
in Crossville, TN and upon completion it will have 12,000 residences.
This resort style community offers homes in all styles and price ranges.

Investment Highlights:

■ Walgreens Backed Absolute NNN Lease with Expiration in
June 2024
■ Former Rite Aid which was Acquired by Walgreens and
Closed Due to Walgreens Location Directly Across the Street
■ Excellent Income Producing Redevelopment Opportunity
■ Large 14,149 Square Foot Building on 1.83 Acres of Land
■ Hard Corner Signalized Intersection with More than 36,600
Vehicles Per Day
■ Across the Street from Flowers Baking Company with More
than 125 Employees
■ 5 Minutes from Cumberland Medical Center, an Acute Care
Facility with 189 Beds.
■ Property Located Minutes from Fairfield Glade Community a
Master Planned Community with over 12,000 Residences
■ Crossville is Considered a Central Hub Between the Major
Metropolitans of Nashville and Chattanooga

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