350 Highway 321 N
Lenoir City, TN 37771

±10.5 Years remaining on the current term. The property possesses ideal net lease fundamentals highlighted by an Absolute NNN lease structure w/ zero landlord responsibilities. The Lease is guaranteed by The Walgreens Company, an investment grade, net lease tenant with outstanding corporate financials (S&P ‘BBB’ Credit Rating). Walgreens is an industry leader in the retail pharmacy industry with over 9,500 locations throughout the United States. Walgreens extended the Lease until 2030, showing a rare commitment to the location. Additionally, the Lease includes six (6), five (5) Year Tenant options to renew, extending the total term to 2070. Subject Walgreens is situated on the main retail artery of Lenoir City, Tennessee, boasts excellent visibility off US-321 (±26,000 VPD), & is out-parceled to the newly developed Ingles Shopping Center, which is a ±95,000 Sq. Ft., Fully Occupied Neighborhood Center, a main traffic driver in the area. Lenoir City is located in the Knoxville Metropolitan Area, and is positioned along Route 11 in the state’s eastern region, along the Tennessee River southwest of Knoxville, & is the 51st largest city in the state with an estimated population of over 10,000 residents. Lenoir City is a full-service City on the outskirts of the greater metropolitan Knoxville area, has a strong commercial base on Highway 321 that is coupled with a very charming Historic Downtown Area, is home to a great school system, a new state of the art Public Library, and a beautifully designed Park System. Lenoir City is nationally known as the “Lake Capital of the South.” This reference originates from the fact that Lenoir City is surrounded by three beautiful lakes, which offer many recreational opportunities. NEARBY ANCHORS THAT DRIVE TRAFFIC IN THE IMMEDIATE AREA • Fort Loudon Medical Center • Knoxville Institute of Dermatology, • Village Podiatry Centers of Lenoir City • Peninsula Behavioral Health • Loudon Dermatology • Tennessee Foot & Ankle Clinic • Kelly Pointe Apartments • Chrysler Dodge Jeep Dealership • Town Creek Village Apartments • Lenoir City Police Department • Lenoir City Fire Dept. • First Baptist Church Lenoir • First Church of the Nazarene • Lenoir City Ford Dealership • Pine Top Church • Highland Park Baptist Church • Lenoir City Elementary School • St. Thomas the Apostle Catholic Church • Crossroads Christian Academy • Lenoir City’s Industrial Park