806 Nissan Dr - Drug Store FOR SALE


Smyrna, TN 37167
$5,616,000 USD
310-853-1419
806 Nissan Dr, Smyrna, TN for Sale
$5,616,000 USD
Drug Store - FOR SALE
1/5
null | 7% Cap Rate

806 Nissan Dr
Smyrna, TN 37167


HIGHLIGHTS

  • 13-Year Primary Term With Twelve (12) 5-Year Option Periods
  • Corporate Guaranteed Lease Featuring Investment Grade Credit (S&P: BBB)
  • Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Depreciation Benefits
  • Rare 5% Rental Increases Every 5-Years Throughout the Primary Term and Each of the Option Periods Providing Hedge Against Inflation
  • Property Features a Drive-Thru and Large Lot (1.91 Acres)
  • Walgreens is the Second-Largest Pharmacy Store Chain the the United States

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the Single Tenant Absolute Triple Net (NNN) Walgreens Located at the Signalized Corner of Nissan Drive and Enon Springs Road East in the Heart of Smyrna, TN (Nashville MSA). This Property Has a 13 Year Primary Term and Features Rare 5% Increases Every 5 Years Including at the Beginning of Each of the Twelve (12) Five-Year Option Periods. The Building Includes a Drive-Thru and Sits on 1.91 Acres of Land. The Lease is Guaranteed By Walgreens (S&P: BBB) and This Asset Benefits From a Destination Location as it is an Outparcel to a Walmart Supercenter. Additional Adjacent / Nearby Retailers Bringing Customers to the Location Include Dutch Bros, McDonald's, Popeyes, Jimmy Johns, Waffle House, Pizza Hut, Sonic Burger and More. In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394

FOR SALE DETAILS

PRICE

$5,616,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens - Smyrna, TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,200 SF

ZONING

C-2

APN/PARCEL ID

R0022482

ASK ABOUT THIS PROPERTY

Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

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Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.