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    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
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    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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