2421 Lebanon Pike - Drug Store FOR SALE
Nashville, TN 37214 |
$5,500,000 USD
404-369-4352
2421 Lebanon Pike
Nashville, TN 37214
HIGHLIGHTS
- Dense Demographics in High Performing Retail Corridor | 140,000+ Full Time Residents Within Immediate Trade Area
- Hard Corner | Signalized Intersection of Lebanon Pike (AADT: 36,473) @ McGavock Pike (AADT: 10,335)
- Notable Tenants in 0.1-Mile Radius: Publix, Kroger, McDonald's, Starbucks, Taco Bell, Burger King, Anytime Fitness, Take 5, Pizza Hut Etc
- Pharmacies Provide a “Daily Needs” For Consumers Making the Property Pandemic and Recession-Resistant
- Fee Simple Ownership: Allowing For Depreciation
- Absolute NNN Lease | Zero Landlord Responsibilities
OVERVIEW
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
FOR SALE DETAILS
PRICE
$5,500,000 USD
PRICE/SF
$380 USD /SF
CAP RATE
6.92%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens - Nashville, TN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Storefront, Loft/Creative Space, Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
70
LAND DETAILS
CROSS STREETS
McGavock Pike
LAND ACRES
1.69 AC
LAND SF
73,616 SF
ZONING
CL
APN/PARCEL ID
095-04-0-028
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404-369-4352
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