2412 W State St

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located within the Kingsport MSA

in Bristol, Tennessee. Walgreens has successfully operated at this location since 1999 and recently extended the lease through August 2035.

The lease features 5% rental escalations every five years throughout the remaining term and twelve 5-year renewal options. Additionally, the

lease is absolute triple net and features zero landlord responsibilities.

The 14,969-square-foot building is located at the signalized intersection of West State Street and Highway 11, which together see over 25,800

vehicles per day. It is also easily accessible from Interstate 81, which carries 46,000 vehicles daily. The property is within walking distance of

the Hard Rock Hotel & Casino—the only casino within a 100+ mile radius—offering strong regional draw. Nearby national retailers include

Kroger, Verizon, McDonald’s, Dollar Tree, Toyota, Hyundai, Goodwill, Sonic, and more. The surrounding area is home to over 50,000 residents

within a five-mile radius, with an average household income exceeding $72,000.