For Sale
$3,188,166

408 Main St Woodbury, TN 37190

High-Yield TN Pharmacy Investment

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a single-tenant, net-leased Walgreens pharmacy located at 408 W Main St, Woodbury, TN 37190. The 14,605 square foot building, constructed in 2005, sits on a 1.81-acre lot and boasts 74 parking spaces. Currently operating under a net lease with a remaining term of approximately 3.7 years (expiring 07/21/2028), the property offers a compelling 6.00% cap rate and a strong NOI of $191,290. The asking price is $3,188,166, translating to $218.29 per square foot. This strategically located property benefits from its position as the only national pharmacy retailer within a 15-mile radius and its proximity to Ascension St. Thomas Stones River hospital, less than half a mile away. The property is zoned commercial and features one story. This is a rare opportunity to acquire a stable, high-performing investment in a desirable location. The property's strong tenant, favorable lease terms, and attractive financial metrics make it an ideal addition to any investment portfolio. Detailed financial information and property reports are available upon request.

Property Details for 408 Main St

Property type
Retail properties, Drug stores
Square Feet
14,605 SF
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
78,844 SF
Units
1

Location Insight

City
Woodbury
County
Cannon
State
Tennessee
Latitude
35.827897377136
Longitude
-86.072955758482

FAQs

What type of property is this?
Retail property - High-Yield TN Pharmacy Investment
Where is the retail property located?
The property is located at 408 Main St Woodbury, TN.
What is the asking price?
The asking price for this property is $3,188,166.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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408 Main St
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