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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$56k

Tax billed · 2023

Assessed value$1.72M

Assessed land$589k

Assessed improvement$1.13M

Effective rate3.25%

Value estimate

· Nov 2026

$6.09M

$5.48M – $6.69M

AI approach$6.12M

Submarket $/SF estimate$4.66M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?

$462/SF

Submarket average, outlier-cleaned · 80 recorded sales of this use type

Observed band · Q1–Q3$228 – $738

Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

JurisdictionDAVIDSON

Location intelligence

Which uses thrive at this corner?

Best fit: Wholesale Shop

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Wholesale Shop18.9

Building Supply18.2

Realty agency17.0

2421 Lebanon Pike Nashville, TN 37214-2412

County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

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 nearby

Address Sale price Sold Size

2725 Old Lebanon, Nashville, TN 37214-2516 $3,213,000 Feb 2026 8,349 SF

2618 Old Lebanon, Nashville, TN 37214-2405 $1,228,000 Aug 2024 6,906 SF

2503 Lebanon, Nashville, TN 37214-2414 $3,489,717 Apr 2024 8,275 SF

3051 Lebanon, Nashville, TN 37214-2229 $6,400,000 Dec 2023 36,273 SF

2500 Lebanon, Nashville, TN 37214-2415 $3,850,000 Apr 2021 11,274 SF

2300 Knights Of Columbus, Nashville, TN 37214-3290 $3,750,000 Nov 2020 31,024 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
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Value Estimation
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Value Estimation by Request
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2725 Old Lebanon Pike

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2725 Old Lebanon Pike, Nashville, TN 37214-2516

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Value Estimation
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2720 Lebanon Pike

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2720 Lebanon Pike, Nashville, TN 37214-2504

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Value Estimation
$520,000

6,906 SF

2618 Old Lebanon Pike

FINANCIAL BUILDING

2618 Old Lebanon Pike, Nashville, TN 37214-2405

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