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Walgreens 1301 Bell Rd 14,422 SF Retail Building Antioch, TN 37013 $6,000,000 ($416.03/SF) 5.40% Cap Rate

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Investment Highlights

Nashville metro
25 year NNN initial term lease with 10 - 5 year options

Over 39,000 vehicles per day

Executive Summary

I am blessed to bring to market this Walgreens in Antioch, Tennessee. Antioch is in the Nashville metro. Antioch has around 100,000 people. This store is at the NW corner of Bell Road - Blue Hole Road. There are over 39,000 vehicles per day at the intersection. The 14,222 square foot building sits on 1.3 acres. The store opened April 2003 and the 25 year initial term lease expires on April 30, 2028. After the initial 25 year term NNN lease, it has an additional 10 - 5 year options. The yearly rental income is $325,000. The monthly rental income is $27,083. The CAP is 5.42% with a Sales Price of $6,000,000. Call me today for more information!

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,422 SF

Building Class

Year Built

2002

Price

$6,000,000

Price Per SF

$416.03

Cap Rate

5.40%

NOI

$324,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.25

Lot Size

1.30 AC

Zoning

CL - ALLOW FOR APPLICATION AND IMPLEMENTATION OF CHANGES TO SIGNAGE, LANDSCAPING, AND BUILDING MATERIALS TO ACHIEVE INCREMENTAL IMPROVEMENTS TO THE AESTHET

Parking

35 Spaces (2.43 Spaces per 1,000 SF Leased)

Frontage

110’ on Bell Rd

Pylon Sign

Signage

Signalized Intersection

Drive Thru

Retailer
99,999 SF
-
Lorem Ipsum
Jan 0000

Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.