Entity Owned Property summary
This exceptional investment opportunity presents a 14,490-square-foot Walgreens located at 2421 Lebanon Pike in Nashville, Tennessee, 37214. The property boasts a fee-simple ownership structure with an absolute triple-net (NNN) lease, eliminating all landlord responsibilities and allowing for depreciation benefits. The lease, with Walgreens Boots Alliance as the corporate guarantor, has a remaining term of 4.8 years, with ten 5-year renewal options. The lease commenced August 1, 2004, and is… set to expire August 31, 2029. The property features a 100% occupancy rate, generating a net operating income (NOI) of $380,600, resulting in a 6.92% cap rate. The asking price is $5,500,000, translating to a price per square foot of $379.57. Built in 2004, this strategically located retail property sits on a 1.69-acre lot and includes 77 parking spaces and a drive-thru. The property benefits from its position on a hard corner at a signalized intersection of Lebanon Pike (AADT: 36,473) and McGavock Pike (AADT: 10,335), within a high-performing retail corridor boasting notable nearby tenants such as Publix, Kroger, McDonald's, Starbucks, and more. The dense demographics, with over 140,000 full-time residents in the immediate trade area, contribute to the property's consistent performance. Tennessee's status as an income tax-free state and its rapid growth further enhance the investment appeal. The property's "daily needs" nature, as a pharmacy, provides resilience against economic downturns. The location is also less than 10 minutes from Nashville International Airport.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 17 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 14,522 SF
- Lot area
- 1.69 ac
- Year built
- 2004
- Stories
- 1
- APN
- 095-04-0-028-00
- Zoning
- CL
- Assessed value · 2023
- $1,720,000
- Annual tax · 2023
- $55,969
- Commercial (general)
- Restaurant
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
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