1081 Murfreesboro Pike Nashville, TN 37217
- Retail properties
- 14,490 SF
- 1.39 lot acres
Current Use by Public Records
- Walgreens Pharmacy / Pharmacy
- Anjanette N. Badger, PharmD / Pharmacy
- Samantha R. Cunningham, PHARM / Pharmacy
- Lana W. Bell, PharmD / Pharmacy
- Redbox / Movie Rental Kiosk / Dvd Store
Property Details for 1081 Murfreesboro Pike
- Year built
- 2007
- Lot size
- 1.39 lot acres
- Property size
- 14,490 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.7118
- Latitude
- 36.1267
