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Clinton, Tennessee

245 South Main St, 37716, Clinton, Tennessee,

$5475000

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Sold

Clinton, Tennessee

245 South Main St, 37716, Clinton, Tennessee,

$5475000

6.30% Beds
~11
$345,000

CLINTON, TN WALGREENS

  • True NNN lease with ~11 years guaranteed rent
  • Tennessee has no state income tax
  • High traffic corner sees 23,900 cars per day at intersection
  • Requires only ~$1.58M cash down; in-place loan MUST be assumed (8+ years remain on loan)
  • Returns $1,461,138 to investor over life of loan
  • Generates $91,118 in net annual cash flow after debt service
  • NNN has no landlord responsibilities
  • Walgreens corporate credit guarantees the rent