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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1081 Murfreesboro Pike Nashville, TN 37217

14,490 SF 1.39 ac lot Built 2007
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple, single-tenant, absolute net-leased Walgreens Pharmacy (#10657) located at 1081 Murfreesboro Pike, Nashville, TN 37217. The property, built in 2007, boasts 14,490 square feet on a 1.39-acre lot. The lease with Walgreens Boots Alliance (NASDAQ: WBA) commenced June 14, 2007, and has a remaining term of approximately 7.6 years, expiring June 29, 2032, with 50 one-year options to terminate. The property generates a substantial net operating income (NOI) of $395,000, resulting in a compelling 7.00% cap rate at an asking price of $5,642,857. The property enjoys 100% occupancy and benefits from a long operating history in a high-growth market. Nashville is consistently ranked among the fastest-growing cities in the United States. This is an absolute NNN lease with no rent bumps. The building is a single-story structure. This offering presents a rare opportunity to acquire a high-performing, strategically located Walgreens in a prime Nashville location. The tenant is the second largest pharmacy store chain in the United States.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2007
Total area 14,490 SF
Lot 1.39 ac (60,548 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walgreens Pharmacy Pharmacy
  • Anjanette N. Badger, PharmD Pharmacy
  • Samantha R. Cunningham, PHARM Pharmacy
  • Lana W. Bell, PharmD Pharmacy
  • Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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