Walgreens (2,500 SF Relocation Store) | Across from a Hospital

Investment Highlights

RELOCATION WALGREENS | 2,500 SF COOPER PROTOTYPE
• The subject property is a new construction 2,502 SF “Cooper” prototype with a drive thru that focuses specifically on pharmacy.
• This is a relocation store from a former Walgreens down the street. This speaks to Walgreens’ confidence and dedication to the Etowah Market.
• This store is open and rent commenced in October 2025.

DIRECTLY ACROSS FROM AN 88 BED HOSPITAL COMPLEX
• This Walgreens is strategically located on Hwy 411 (12,806 VPD) and is directly across the street from Starr Regional Medical Center – Etowah.
• Starr Regional Medical Center’s Etowah campus is home to an emergency department, outpatient services, an 88-bed skilled and long - term care nursing home, a senior care program and wound care center.
• More than 690 staff members of 20 providers work at Starr Regional Medical Center.
• The health system invested over $9 million in capit al improvements in 2024, including equipment and technology upgrades.
• National Retailers on Hwy 411 include Food City, Dollar General, Advance Auto Parts, McDonalds and more.

NO DRUG STORE COMPETITION
• There are no other national pharmacies in the city of Etowah.
• The nearest CVS and Walgreens are over 10 miles away.

CHATTANOOGA MSA | TN HAS NO STATE INCOME TAX
• Tennessee has no state income tax, making it one of the states with the lowest taxes.
• Etowha, TN is located 60 miles NE of Chattanooga and is part of the Chattanooga MSA (547,776+).
• Chattanooga is the fourth largest city in Tennessee with a population of over 170,000 people.
• Major industries that drive the economy include automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and corporate headquarters.

7.75 YEAR CORPORATE NNN LEASE
• This property has 7.75 years remaining on a 10 year NNN corporate lease that commenced in October 2025.
• The Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure.
• There are 4-Five year option periods with 5% rent increases every 5 years beginning in Option 3.

WALGREENS OPERATES 8,500+ LOCATIONS IN ALL 50 STATES
• Founded in 1901, Walgreens has over 8,500 retail pharmacies across the US with 78% of the US population living with 5 miles of a Walgreens.
• Walgreens serves nearly 9 million customers per year and did over $154 Billion in revenue in 2025.
• In fiscal 2024, Walgreens filled approximately 1.2 billion prescriptions underscoring their scale and essential role in the US healthcare system.
• Employs more than 85,000 healthcare service providers, including pharmacy technicians, nurse practitioners, and other health professionals.