2708 New Salem Hwy Murfreesboro, TN 37128
NNN leased Walgreens in high-growth Nashville market with zero landlord responsibilities.
Type:Retail
Property size:
14,820 SFLot size:
2.49 AcresPrice / SF:
$329/SF- Added:
- Mar 7, 2024
- Days on Market:
- 776
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 2708 New Salem Hwy
General Information
- Standard status
- Active
- Size
- 14,820 SF
- Lot size
- 2.49 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agent Joseph Valenti License #TN 289880
Listing office Centennial Retail Services
Listing date Mar 7, 2024
Source Crexi
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 Centennial Retail Services
Overview
Walgreens Pharmacy NNN Investment Opportunity
This property presents an opportunity to acquire a Walgreens Pharmacy in the Nashville, Tennessee MSA. Located at 2708 New Salem RD, Murfreesboro, TN, the property features an absolute NNN lease with zero landlord responsibilities. Approximately 7.5 years remain on the original 25-year lease term, with options extending the lease through July 31, 2083. The property benefits from being located in a state with no state income tax. The immediate trade area is projected to experience significant growth over the next 5 years, with a projected population increase of over 15%. New development is underway in the surrounding area and along New Salem Hwy. Adjacent to the property is a Publix-anchored shopping center, McDonald's, Taco Bell, and a new medical office building anchored by St. Thomas Health. The offering consists of the fee simple ownership interest in the property. The building is 14,280 square feet and sits on a 2.49-acre parcel at a signalized intersection serving two new residential communities. The traffic count is 15,693 vehicles per day.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Walgreens Pharmacy
Pharmacy
FedEx OnSite
Postal Service
Walgreens
Cosmetic Store
Walgreens Photo
(Bike/Boat/Book/etc) Store
Western Union
Bank
Similar Places Nearby
- Walgreens Pharmacy — 2708 New Salem Hwy, Murfreesboro, TN 37128
- Chance Mysayphonh — 2708 New Salem Hwy, Murfreesboro, TN 371285252
- Maren Richards Brinton — 2723 New Salem Hwy, Murfreesboro, TN 371285253
- Tiffany Pierson — 2708 New Salem Hwy, Murfreesboro, TN 371285252
- COVID-19 Drive-Thru Testing at Walgreens — 2708 New Salem Hwy, Murfreesboro, TN 37128
Location Insight
- Map
- Local Demand
- City
- Murfreesboro
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.4601959
- Latitude
- 35.8110315
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN leased Walgreens in high-growth Nashville market with zero landlord responsibilities.
Where is this drug store located?
The property is located at 2708 New Salem Hwy Murfreesboro, TN.
What is the asking price?
The asking price for this property is $4,876,923.
What are key features of this property?
This property features: Absolute NNN lease with Zero Landlord responsibilities.; Located in a No state income tax state.; Lease extends through July 31, 2083, with options.
