101 Charles G Seivers Blvd Clinton, TN 37716

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.