806 Nissan Dr Smyrna, TN 37167
Property profile & analytics
806 Nissan Dr Smyrna, TN 37167
- Drug stores
- 14,466 SF
- 1.91 lot acres
Property ID
US80-0379660
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- FedEx OnSite / Postal Service / Courier Service
- Walgreens Pharmacy / Pharmacy
- COVID-19 Drive-thru Testing at Walgreens / Pharmacy
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Walgreens / Cosmetic Store
Property Details for 806 Nissan Dr
- Year built
- 2005
- Construction
- FRAME
- Lot size
- 1.91 lot acres
- Property size
- 14,466 SF
- Zone code
- C-2
- Property type
- Drug stores
- APN
- 034C-A-001.01-000
- APU
- 034CA00101000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,175,000
- ML approach
- $7,400,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,500,000
- 6.5%
- $5,080,000
- 7%
- $4,715,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $8,520,000
- COMMERCIAL (GENERAL)
- $4,900,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Smyrna
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.4938
- Latitude
- 35.9728
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,741
$627,760
$693,760
$1,321,520
-
$1,569,400
$1,734,400
$3,303,800
