Sold
Clinton, Tennessee
245 South Main St, 37716, Clinton, Tennessee,$5475000
Sold
Clinton, Tennessee
245 South Main St, 37716, Clinton, Tennessee,$5475000
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