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531 E Jackson Blvd
Jonesborough, TN 37659

$133,000 Fee to Buyer's Broker: Long-Term NNN · Retail Property For Sale

Investment Highlights

  • 16+ years guaranteed rent
  • Less than 1/2 mile from Medical Center
  • Other national retailers in area include: Tractor Supply Co., McDonald’s, AutoZone, Lowe’s and others...
  • Centrally located in middle of primary retail trade area in town
  • Aging demographic is ideal Walgreens customer ~22% of 1 mile population is 65+ years of age
  • True NNN lease with no landlord responsibilities

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,736 SF
Building Class
B
Year Built
2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.30 AC
Zoning
B6/B3
Parking
30 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
172 FT on Boones Creek Rd

Amenities

  • Drive Thru

About 531 E Jackson Blvd , Jonesborough, TN 37659

This Walgreens is one of the longest remaining lease terms available for sale in the market today. (New Walgreens leases are only 15 years guaranteed.) The store is ideally situated at the high traffic intersection of East Jackson Blvd. and Boones Creek Road. Neighboring retailers at the intersection include many nationally recognized brands, as well as local and regional banks. This pharmacy site surely benefits from the proximity of an Urgent Care just one block down and around the corner, and the Jonesborough Medical Center a half mile down the road.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 052O-A-020.00
  • 052O-A-021.00
  • 052O-A-016.00
Land Assessment
$224,720
Improvements Assessment
$565,000
Total Assessment
$789,720
  • Listing ID: 19231323

  • Date on Market: 4/15/2020

  • Last Updated:

  • Address: 531 E Jackson Blvd, Jonesborough, TN 37659

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