Exchange-X, along with managing partner Four Corners Capital, is pleased to announce the offering of Four Corners Jefferson DST. The Four Corners Jefferson DST features a 1.6-acre parcel located at 132 E. Broadway Boulevard in Jefferson City, Tennessee, improved by a 14,479-square-foot, single-story retail building. This 24-hour facility is a highly productive location, reportedly ranking in the top 10% of Walgreens stores nationwide for customer visits and the top 15% within the state, with consistent annual sales of approximately $3.25 million.
The property is occupied by Walgreen Co. under an absolute triple-net lease that runs through 2080, with the tenant responsible for all insurance, taxes, and maintenance costs. While the lease is long-term, the tenant has periodic termination rights beginning in November 2035. Financing for the property consists of a $2,550,000 non-recourse loan from First Peoples Bank of Tennessee, featuring a 6.05% interest rate fixed for the first 48 months, an initial two-year interest-only period, and a subsequent 25-year amortization schedule.
Situated in Jefferson County within the foothills of the Great Smoky Mountains, the property is located approximately 25 miles from Knoxville. The area is home to Carson-Newman University and serves as a regional hub with excellent connectivity provided by Interstates 40 and 81, as well as US Highway 11-E. The local market combines a rural community atmosphere with significant transit access, supporting the high-volume retail activity observed at this location.
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