806 Nissan Dr Smyrna, TN 37167

This single-tenant Walgreens property is located at the signalized corner of Nissan Drive and Enon Springs Road East in Smyrna, TN, within the Nashville MSA. The property features a 13-year primary term with rare 5% increases every 5 years, including at the beginning of each of the twelve 5-year option periods. Guaranteed by Walgreens (S&P: BBB), the absolute triple net (NNN) lease has zero landlord responsibilities and depreciation benefits. The property includes a drive-thru and sits on a 1.91-acre lot. The location benefits from its position as an outparcel to a Walmart Supercenter, with additional nearby retailers including Dutch Bros, McDonald’s, Popeyes, Jimmy Johns, Waffle House, Pizza Hut, and Sonic Burger. Strong traffic counts exceed 41,000 vehicles per day combined at the intersection of Nissan Drive and Enon Springs Road East. The trade area is affluent, with over $75,000 average household income within a 5-mile radius. The property is near the Nissan Smyrna Vehicle Assembly Plant, which employs approximately 8,000 people and produces around 640,000 vehicles annually. Forecasts indicate an approximate 11.37% population surge over the next 5 years within a 5-mile radius. The building size is 14,550 square feet.