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806 Nissan Dr
Smyrna, TN 37167

$5,616,000 USD

Drugstore For Sale  •  14,550 SF

Property Details

• Property Type Drugstore
• Total Building Size 14,550 SF
• Lot Size 1.91 AC
• Building Class B
• Year Built 2005
• Cap Rate 7.00 %
• Tenancy Single
• Zoning C-2

0 Transit Score

53 Walk Score

Highlights

13-Year Primary Term With Twelve (12) 5-Year Option Periods

Corporate Guaranteed Lease Featuring Investment Grade Credit (S&P: BBB)

Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Depreciation Benefits

Rare 5% Rental Increases Every 5-Years Throughout the Primary Term and Each of the Option Periods Providing Hedge Against Inflation

Property Features a Drive-Thru and Large Lot (1.91 Acres)

Walgreens is the Second-Largest Pharmacy Store Chain the the United States

Cap Rate:

7.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Walgreens	14,550 SF	8/31/2035

Amenities

• Pylon Sign
• Signage
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Nashville International	27 min	-	16.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	81
Type:	Surface
Included in Rent:	Yes