For Sale
$2,380,952

101 Charles G Seivers BlvdClinton, TN 37716

High-yield CVS Pharmacy, strong tenant.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple, single-tenant retail property offers a secure investment opportunity with a credit-rated CVS Pharmacy tenant under a new 10.5-year net lease. The 10,125 square foot building, constructed in 2000, features a drive-thru and is situated on a 1.09-acre lot in a prime retail location in Clinton, Tennessee, within the Knoxville MSA. The property boasts a strong average daily traffic count and benefits from significant local economic development. The lease includes 5% rent bumps in each option period, ensuring consistent income growth. The property's strong financials, including a 6.30% cap rate and a $150,000 annual net operating income (NOI), make it an attractive investment. The lease commenced December 13, 1999, and expires January 31, 2035. The building features a new roof system installed in July 2020 with a 20-year manufacturer's warranty. The property is located at 101 N Charles G Seivers Blvd, Clinton, TN 37716. The location enjoys excellent underlying demographics, including a workday population of 50,230 within a 15-minute drive time and an average household income of $83,600 within a 5-mile radius. The property benefits from the presence of major employers and significant ongoing investment in the Clinton area. The tenant, CVS Health, is an investment-grade credit tenant, ranked 6th on the Fortune 500.

Highlights

  • High-visibility corner lot at a signalized intersection on Clinton's primary retail corridor.
  • New 10-year lease with CVS Health corporate guarantee.
  • 10,125-square-foot all-brick building with drive-thru pharmacy.
  • Located in the Knoxville MSA, projected to reach 1 million residents by 2028.
  • 19.5 miles (28-minute drive) from the University of Tennessee, Knoxville.
  • 23,094 average daily traffic count on N. Charles G. Seivers Boulevard.

Property Details for 101 Charles G Seivers Blvd

Property type
Retail properties, Drug stores
Year Built
2000
Buildings
1
Stories
1
Lot Size (sq. ft)
47,480 SF
Units
1

Location Insight

City
Clinton
County
Anderson
State
Tennessee
Latitude
36.099383
Longitude
-84.1313927
101 Charles G Seivers Blvd, Clinton, Tennessee

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Contacts

Sonny Molloy
Sonny Molloy
Jared Kaye
Jared Kaye
Grant Morgan
Grant Morgan
Bennett Holman
Bennett Holman
Visit Broker Website

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101 Charles G Seivers Blvd, Clinton, Tennessee, 37716

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

101 Charles G Seivers Blvd
  • Sonny Molloy
    Sonny Molloy
  • Jared Kaye
    Jared Kaye
  • Grant Morgan
    Grant Morgan
  • Bennett Holman
    Bennett Holman
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