2708 New Salem Hwy Murfreesboro, TN 37128

This exceptional investment opportunity presents a fee-simple ownership interest in a 14,820-square-foot Walgreens pharmacy located at 2708 New Salem Hwy, Murfreesboro, TN 37128. The property boasts a prime location in a rapidly growing area of Rutherford County, situated on a 2.49-acre lot with 74 parking spaces. The property features a Class A, single-tenant, absolute NNN lease with a credit-rated tenant, Walgreens, ensuring minimal landlord responsibilities. The lease commenced August 1, 2008, and extends to July 31, 2083, offering a substantial remaining lease term of 58.7 years. The current asking price is $5,410,000, representing a price per square foot of $365.05 and a cap rate of 5.86%. The property generates a net operating income (NOI) of $317,000. Built in 2008, this one-story building benefits from a signalized intersection with high traffic volume (15,693 vehicles per day), serving two new residential communities. The property's strategic location is further enhanced by its proximity to a Publix-anchored shopping center, McDonald's, Taco Bell, and a new medical office building anchored by St. Thomas Health. The lease includes a right to terminate after July 2033. This is a compelling investment opportunity in a thriving market with significant projected population growth (over 15% in the next 5 years) and no state income tax.