Walgreens

2900 Paul Huff Parkway, Cleveland, TN
Price:
$5,646,000
Cap Rate:
5.25%
Current Rent:
$296,400
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 15 years
Renewal Options:
12 x 5 year options
Building Sq. Ft.:
14,820
Rent Increases:
5% every 5 years
Site Size:
2.49 acres

Investment Highlights

  • The site benefits from robust demographics with a total daytime population of 40,300 within 5 miles of the site. Average household income within 3 miles of the site exceeds $87,000.
  • The property is located approximately 1.5 mile from Cleveland State Community College, with a student body of approximately 3,700, and approximately 4 miles from Lee University, with approximately 5,400 students enrolled and a staff of more than 800.

Listing Agents

Connor Shell

Managing Director
407 913 9009
Connor@stream-cp.com
Adam English

Adam English

Managing Director
256 694 9803
Adam@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

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