Walgreens - Nashville, TN | 2421 Lebanon Pike
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Walgreens - Nashville, TN 2421 Lebanon Pike
14,490 SF Retail Building Nashville, TN 37214 $5,500,000 ($380/SF) 6.92% Cap Rate
Investment Highlights
- Dense Demographics in High Performing Retail Corridor | 140,000+ Full Time Residents Within Immediate Trade Area
- Notable Tenants in 0.1-Mile Radius: Publix, Kroger, McDonald's, Starbucks, Taco Bell, Burger King, Anytime Fitness, Take 5, Pizza Hut Etc
- Fee Simple Ownership: Allowing For Depreciation
- Hard Corner | Signalized Intersection of Lebanon Pike (AADT: 36,473) @ McGavock Pike (AADT: 10,335)
- Pharmacies Provide a “Daily Needs” For Consumers Making the Property Pandemic and Recession-Resistant
- Absolute NNN Lease | Zero Landlord Responsibilities
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 14,490 SF Walgreens Located at 2421 Lebanon Pike in Nashville, TN. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities With Fee Simple Ownership, Allowing For Depreciation, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,490 SF
Building Class
B
Year Built
2004
Price
$5,500,000
Price Per SF
$380
Cap Rate
6.92%
NOI
$380,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.69 AC
Zoning
CL
Parking
70 Spaces (4.83 Spaces per 1,000 SF Leased)
Frontage
214 FT on Lebanon Rd
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Walgreens
- Health Care and Social Assistance
- 14,490 SF
- $26.27
- Aug 2029
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Walgreens | Health Care and Social Assistance | 14,490 SF | $26.27 | Aug 2029 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 095-04-0-028 | Improvements Assessment | $1,131,080 |
| Land Assessment | $588,920 | Total Assessment | $1,720,000 |
PROPERTY TAXES
Parcel Number
095-04-0-028
Land Assessment
$588,920
Improvements Assessment
$1,131,080
Total Assessment
$1,720,000
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Walgreens - Nashville, TN | 2421 Lebanon Pike
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