Entity Owned Property summary
This exceptional investment opportunity presents a 14,550 square foot Walgreens located at 806 Nissan Drive, Smyrna, TN 37167, within the Nashville MSA. The property boasts a strong 100% occupancy rate under a corporate-guaranteed, absolute triple-net (NNN) lease with Walgreens, a highly-rated tenant (S&P: BBB). The 13-year primary lease term commenced September 1, 2022, and includes twelve 5-year option periods, providing long-term stability and predictable income. Rent increases of 5% every… five years, including option periods, offer significant protection against inflation. The property features a convenient drive-thru and sits on a substantial 1.91-acre lot. The building was constructed in 2005 and generates a Net Operating Income (NOI) of $392,850, representing a 7.00% cap rate and a price per square foot of $385.98. This strategically located property is adjacent to a Walmart Supercenter and benefits from high traffic counts exceeding 41,000 vehicles daily at the intersecting Nissan Drive and Enon Springs Road East. The surrounding area boasts an affluent demographic with an average household income exceeding $75,000 within a 5-mile radius. The property's location near the Nissan Smyrna Vehicle Assembly Plant and numerous other retail establishments further enhances its desirability and long-term prospects. The asking price for this exceptional investment is $5,616,000.
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.
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 · 15 properties nearbyComparable nearby
Similar Nearby 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
- 14,466 SF
- Lot area
- 1.91 ac
- Year built
- 2005
- Stories
- 1
- APN
- 034C-A-001.01-000
- Zoning
- C-2
- Assessed value · 2024
- $1,321,520
- Annual tax · 2023
- $31,741
- Commercial (general)
- 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
Registration is required before the official district profile is shown.
Official district profile
The purpose of C-2 zone is to provide moderate and large sized offices, general retail businesses, transient sleeping accommodations, and eating and drinking establishments
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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