Walgreens Abs Nnn W Increases Hard Corner Signalized… — Sale in Cleveland, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cleveland, TN 37312

Investment Figures

Cap rate
7.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Walgreens located at 4420 Ocoee Street North in Cleveland, Tennessee, positioned within the greater Cleveland–Bradley County trade area. The subject property consists of a 14,550 square foot free-standing building with a drive-thru pharmacy, and is situated on a large 2.98-acre parcel of land. The property is strategically located along Lee Highway (U.S. Highway 11), the area’s primary commercial corridor and a major thoroughfare serving the region. This location provides excellent visibility, strong traffic counts, and convenient access to surrounding residential neighborhoods. The site is well positioned within Cleveland’s dominant retail corridor, which is home to a wide array of national and regional retailers, including Five Guys, Olive Garden, McDonald’s, Taco Bell, Chick-fil-A, Logan’s Roadhouse, Arby’s, Tractor Supply, Walmart Supercenter, Lowe’s, Hobby Lobby, and numerous others. In addition, the property benefits from close proximity to a strong medical hub. It is located near Life Care Center of Cleveland, a skilled nursing and rehabilitation facility, and is less than two miles from Bradley Medical Center (Vitruvian Health), a full-service regional hospital offering acute care, emergency services, and a broad range of specialty services. This medical concentration further reinforces the strength, stability, and longterm durability of the location. Cleveland is part of the broader Chattanooga metropolitan region, a growing and economically diverse market benefiting from steady population growth, expanding employment, and ongoing commercial development. The area is supported by a strong mix of healthcare, manufacturing, logistics, and retail employment, providing a stable foundation for long-term consumer demand. These market fundamentals, combined with Walgreens’ absolute net lease structure and corporate guarantee, position the asset as a compelling long-term investment with durab

Market Context

This retail in Cleveland, TN is listed for sale. It is offered at an approximate 7.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Cleveland, TN — view the full market.

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