132 Broadway BlvdJefferson City, TN 37760

This exceptional investment opportunity presents a fee-simple, 14,470 square-foot Walgreens located at 132 E. Broadway Blvd, Jefferson City, Tennessee, 37760. The property sits on a 1.6-acre lot and boasts a strong 8.25% cap rate, generating a net operating income (NOI) of $379,500. This 24-hour Walgreens, built in 2005, is consistently ranked within the top 10% of all Walgreens nationwide for customer visits, according to Placer.Ai, demonstrating exceptional performance with approximately $3.25 million in annual sales. The absolute NNN lease with Walgreens has a remaining term of 5.4 years, followed by ten 5-year renewal options, providing long-term stability and predictable cash flow. The property benefits from its strategic location within a thriving retail corridor encompassing over 964,000 square feet of retail space, including national tenants such as Tractor Supply Co., CVS, Walmart, Lowe's, and more. Its proximity to Jefferson Memorial Hospital (two miles east), Carson-Newman University (less than half a mile), and a Fortune 500 company, Oshkosh Corporation, further enhances its desirability. The absence of competing Walgreens within an 11-mile radius solidifies its market dominance. This property offers a compelling combination of high-performing tenant, strong location, and significant long-term potential. The property is conveniently located along US Route 11E, providing easy access to Knoxville and Morristown.