806 Nissan Dr Smyrna, TN
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Single tenant Walgreens with a 13-year primary term.
Type:RETAIL
Property size:
14,550 SFLot size:
1.92 Acres- Added:
- Apr 8, 2025
- Days on Market:
- 378
- Last Refresh:
- Apr 5 at 9:50 pm
Property Features for 806 Nissan Dr
General Information
- Standard status
- Active
- Size
- 14,550 SF
- Lot size
- 1.92 Acres
- Property subtype
- RETAIL
Listing agent Daniel Hoogesteger (310) 853-1419
Listing office Sands Investment Group (SIG) | Fort Lauderdale (310) 853-1419
Listing date Apr 8, 2025
Source Moodyscre
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 Sands Investment Group (SIG) | Fort Lauderdale
Overview
Walgreens NNN Asset For Sale
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
FedEx OnSite
Postal Service
Walgreens Pharmacy
Pharmacy
COVID-19 Drive-thru Testing ...
Pharmacy
Redbox
Cinema
Walgreens
Cosmetic Store
Similar Places Nearby
- COVID-19 Drive-thru Testing at Walgreens — 806 Nissan Dr, Smyrna, TN 37167
- GNC — 573 S Lowry St, Smyrna, TN 37167
- Walmart Pharmacy — 570 Enon Springs Rd E, Smyrna, TN 37167
- The gallery pharmacy — 561 s lowry st, smyrna, tn 37167
- Jose Polly Cajeras — 567 S Lowry St, Smyrna, TN 371673803
Location Insight
- Map
- Local Demand
- City
- Smyrna
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.4938
- Latitude
- 35.9726
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Single tenant Walgreens with a 13-year primary term.
Where is this drug store located?
The property is located at 806 Nissan Dr Smyrna, TN.
What is the asking price?
The asking price for this property is $5,616,000.
What are key features of this property?
This property features: 13‑Year Primary Term with Twelve (12) 5‑Year Option Periods for long‑term stability; Corporate Guaranteed Lease by Walgreens (S&P: BBB); Absolute Triple Net (NNN) Lease with zero landlord responsibilities
