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Walgreens - Nashville, TN 2421 Lebanon Pike

14,490 SF Retail Building Nashville, TN 37214 £4,339,500 (£299/SF) 6.92% Net Initial Yield

Investment Highlights

  • Dense Demographics in High Performing Retail Corridor | 140,000+ Full Time Residents Within Immediate Trade Area
  • Notable Tenants in 0.1-Mile Radius: Publix, Kroger, McDonald's, Starbucks, Taco Bell, Burger King, Anytime Fitness, Take 5, Pizza Hut Etc
  • Fee Simple Ownership: Allowing For Depreciation
  • Hard Corner | Signalized Intersection of Lebanon Pike (AADT: 36,473) @ McGavock Pike (AADT: 10,335)
  • Pharmacies Provide a “Daily Needs” For Consumers Making the Property Pandemic and Recession-Resistant
  • Absolute NNN Lease | Zero Landlord Responsibilities

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 14,490 SF Walgreens Located at 2421 Lebanon Pike in Nashville, TN. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities With Fee Simple Ownership, Allowing For Depreciation, Providing For a Secured Investment.

In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2004
Price
£4,339,500
Price Per SF
£299
Net Initial Yield
6.92%
NOI
£300,293
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Land Acres
1.69 AC
Zoning
CL
Parking
70 Spaces (4.83 Spaces per 1,000 SF Leased)
Frontage
214 ft on Lebanon Rd

Amenities

  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Walgreens
  • Health Care and Social Assistance
  • 14,490 SF
  • £20.75
  • Aug 2029
Tenant Industry SF OCCUPIED RENT/SF Lease End
Walgreens Health Care and Social Assistance 14,490 SF £20.75 Aug 2029

Links

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Nearby Major Retailers

Regions Bank
Anytime Fitness
Chase Bank
Publix
Truist
Krystal
Kroger Deli
Hy-Vee
Whitt's Barbecue
Waffle House

PROPERTY TAXES

Parcel Number 095-04-0-028 Improvements Assessment £892,422
Land Assessment £464,658 Total Assessment £1,357,080

PROPERTY TAXES

Parcel Number
095-04-0-028
Land Assessment
£464,658
Improvements Assessment
£892,422
Total Assessment
£1,357,080
(404) 369-4352

  • Listing ID: 33684765

  • Date on Market: 30/10/2024

  • Last Updated:

  • Address: 2421 Lebanon Pike, Nashville, TN 37214

The Retail Property at 2421 Lebanon Pike, Nashville, TN 37214 is currently available For Sale. Contact Sands Investment Group Atlanta, LLC for more information.

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© 2024 CoStar Group

Walgreens - Nashville, TN | 2421 Lebanon Pike
(404) 369-4352 x

Walgreens - Nashville, TN | 2421 Lebanon Pike

1/3

Liam Rowan

(404) 369-4352

(404) 369-4352

Luke Wakefield

(770) 800-3035

(770) 800-3035

Thomas Gorman

(610) 550-8884

(610) 550-8884

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