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805 W Madison Ave
Athens, TN 37303
Walgreens · Retail Property For Sale
Investment Highlights
- 20+ Years of Operating History – Walgreens has operated at this location since 2005, demonstrating a long-standing presence within the Athens market.
- Established & Growing Trade Area – More than 24,000 residents within five miles, with continued population and household growth projected through 2031
- Strong Access & Visibility – Convenient access to surrounding Athens thoroughfares supports long- term usability
- Absolute NNN Lease – Zero landlord responsibilities provide investors with passive income through the remaining lease term.
- Large 1.64-Acre Parcel – Substantial land area provides added flexibility and supports long-term residual value.
- Surrounded by Key Community Anchors – Located near Starr Regional Medical Center, Cleveland State Community College, and Athens City Middle School
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
2005
Price
$3,199,000
Price Per SF
$219.86
Cap Rate
8.28%
NOI
$265,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.64 AC
Zoning
C1 - Commercial
Parking
64 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 065C-C-001.00 | Improvements Assessment | $490,480 |
| Land Assessment | $176,240 | Total Assessment | $666,720 |
Property Taxes
Parcel Number
065C-C-001.00
Land Assessment
$176,240
Improvements Assessment
$490,480
Total Assessment
$666,720
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