Single-Tenant Drug
For Sale
Contact for pricing
1081 Murfreesboro Pike, Nashville, TN 37217
Built-to-suit pharmacy facility with an absolute net lease structure and established retail positioning.
Property Size14,490 SF
Lot Size1.69 Acres
Days on Market145
Property Features for 1081 Murfreesboro Pike
General Information
Standard status
Active
Size
14,490 SF
Lot size
1.69 Acres
Property subtype
Retail
Financials
Asking Price
$5,851,852
Cap Rate
6.75%
Building Details
Year Built
2007
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Otto Wenzler · License #MI 6501402202
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 12:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
This single-tenant drug store occupies an approximately 14,490-square-foot building on 1.69 acres. Constructed as a built-to-suit property in 2007, the facility supports a pharmacy-oriented retail use and is subject to an absolute net lease. Rent commenced July 1, 2007, with a stated 75-year lease term and a tenant termination option available after June 30, 2032, subject to one year’s notice.
The property is located at 1081 Murfreesboro Pike in Nashville, Davidson County, Tennessee. Its urban retail setting and dedicated site provide a defined platform for the existing drug store operation. The offering reflects a long-term net-leased commercial asset with a 6.75% cap rate.
The property is located at 1081 Murfreesboro Pike in Nashville, Davidson County, Tennessee. Its urban retail setting and dedicated site provide a defined platform for the existing drug store operation. The offering reflects a long-term net-leased commercial asset with a 6.75% cap rate.
Key Highlights
- Approximately 14,490‑square‑foot drug store building
- 1.69‑acre site at 1081 Murfreesboro Pike
- Built‑to‑suit construction completed in 2007
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
60k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Groceries 30%
Dining 28%
Electronics 6%
Dollar General Market
Groceries
13,776 visits/mo
0.0 miles
Dollar Tree
Shops & Services
12,336 visits/mo
0.1 miles
Taco Bell
Dining
10,431 visits/mo
0.3 miles
Save-A-Lot
Groceries
4,531 visits/mo
0.1 miles
U.S. Bank
Shops & Services
3,813 visits/mo
0.2 miles
Demographics for 37217, TN
33,115
Population
14,168
Households
2.3
Avg Household Size
33
Median Age
32%
College-Educated
82%
High-School Grad
17.8 sq mi
ZIP Area
1,860
Density / Sq Mi
$61,529
Median Household Income
$37,090
Median Earnings
$1,313
Median Rent
$279,400
Median Home Value
Market
Vacancy Rate% for Retail in Nashville, TN
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Similar Off Market Nearby
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- Claire Mints Makeup Artistry — 299 Plus Park Blvd, Nashville, TN 37217
- Anjanette N. Badger, PharmD — 1081 Murfreesboro Pike, Nashville, TN 37211
- Lana W. Bell, PharmD — 1081 Murfreesboro Pike, Nashville, TN 37211
Frequently Asked Questions
What type of property is this?
Drug store - Built-to-suit pharmacy facility with an absolute net lease structure and established retail positioning.
Where is this drug store located?
The property is located at 1081 Murfreesboro Pike Nashville, TN.
What are key features of this property?
This property features: Approximately 14,490‑square‑foot drug store building; 1.69‑acre site at 1081 Murfreesboro Pike; Built‑to‑suit construction completed in 2007
