By signing in, you agree with: Terms & Conditions, Privacy Policy and Copyright
Walgreens Nashville
Marcus & Millichap is pleased to present for sale this Absolute Net Leased Walgreens located at 2421 Lebanon Pike in Nashville, Tennessee. The subject property consists of a free-standing building comprised of 14,490 square feet of retail space and is situated on a large 1.6-acre parcel of land. Strategically located on the Hard-Signalized Intersection of Route-70, a major East-West thoroughfare, and McGavock Pk, the property is highly visible to more than 42,956 vehicles per day. It also features excellent access and is within close proximity to Briley Parkway, a major highway with high traffic counts exceeding 102,201 daily. The subject property sits just one block from a Publix anchored Shopping Center, across a free-standing Kroger, and part of a dense retail corridor which is home to a number of National and Regional retailers including but not limited to CVS, McDonalds, SunTrust, Krystal, Burger King, Pizza Hut, and many more. The property sits just in the outskirts of Downtown Nashville and benefits from over 140,000 full time residents in the immediate trade area. Walgreens signed their original 25 Year Absolute Net Lease in 2004 and has over eight years of term remaining. The Absolute-Net lease is guaranteed by Walgreens Boot Alliance and provides nine options to extend for five years each. Walgreens (NYSE: WBA) is a publicly traded company with an S&P Credit Rating of BBB and is ranked #19 in the Fortune 500 (2020). Walgreen Co. operates over 9,275 stores in all 50 states, the District of Columbia, Puerto Rico and Guam. The company also operates worksite health centers, home care facilities, and specialty and mail service pharmacies.
Month | Payment | Principal | Interest | Total Interest | Balance |
---|---|---|---|---|---|
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
Total Population | 4,931 | 36,776 | 139,331 | |
Population Median Age | 43 | 38 | 36 | |
Population by Age | 0-9 Yrs | 403 (8%) | 4155 (11%) | 17114 (12%) |
10-19 Yrs | 543 (11%) | 3047 (8%) | 13390 (9%) | |
20-29 Yrs | 542 (10%) | 6335 (17%) | 25971 (18%) | |
30-39 Yrs | 566 (11%) | 7121 (19%) | 26488 (19%) | |
40-49 Yrs | 888 (18%) | 4661 (12%) | 17694 (12%) | |
50-59 Yrs | 838 (16%) | 4758 (12%) | 16552 (11%) | |
60-69 Yrs | 511 (10%) | 3519 (9%) | 12493 (8%) | |
70+ Yrs | 641 (12%) | 3180 (8%) | 9628 (6%) | |
Median HH Income | $65,496 | $60,188 | $55,422 | |
Total Household Income | < 24K | 186 (8%) | 2390 (14%) | 12038 (19%) |
25-49K | 469 (21%) | 4035 (24%) | 15305 (25%) | |
50-74K | 659 (30%) | 4225 (25%) | 12359 (20%) | |
75-99K | 400 (18%) | 2389 (14%) | 7750 (12%) | |
100-199K | 418 (19%) | 3041 (18%) | 11131 (18%) | |
200K+ | 58 (2%) | 516 (3%) | 2215 (3%) | |
Highest Education Level | No Diploma | 358 | 2777 | 11033 |
Diploma or GED | 806 | 6684 | 24088 | |
Some College | 896 | 5931 | 20241 | |
Assoc. Degree | 265 | 2066 | 7133 | |
Bachelors Degree | 1122 | 7506 | 26666 | |
Higher Degree | 322 | 2725 | 10994 | |
Total Housing Units | 2,372 | 18,030 | 67,528 | |
--Owner-Occupied | 1,613 | 9,606 | 30,852 | |
--Renter-Occupied | 577 | 6,988 | 29,946 | |
Owner-Occupied Values | < 100K | 87 | 532 | 2114 |
100-199K | 812 | 3811 | 11111 | |
200-299K | 393 | 3029 | 9213 | |
300-399K | 212 | 1430 | 4599 | |
400-499K | 60 | 505 | 2079 | |
500K+ | 49 | 299 | 1735 | |
Total Working Age Population | 4,263 | 30,931 | 114,171 | |
In Work Force | 2,877 | 22,811 | 85,165 | |
Not In Work Force | 1,386 | 8,119 | 29,006 | |
Workforce Employed | 2,767 | 22,182 | 81,191 | |
Workforce Unemployed | 110 | 621 | 3,907 | |
Civlian Workforce | 2,877 | 22,803 | 85,098 | |
Military Workforce | 0 | 8 | 67 | |
Total Households | 2,190 | 16,594 | 60,798 | |
Family Households | 1,205 | 8,308 | 30,869 | |
Non-Family Households | 985 | 8,286 | 29,929 | |
Married Couple | 919 | 6,138 | 19,801 | |
Other Family | 286 | 2,170 | 11,068 | |
Married w/Child | 198 | 2,145 | 7,503 | |
Single Male w/Child | 29 | 215 | 1,212 | |
Single Female w/Child | 99 | 712 | 4,773 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
Tennessee | 5,689,283 | +12 | 6,346,105 | +9 | 6,886,369 | +7 | 7,393,069 |
Davidson County | 569,891 | +10 | 626,681 | +13 | 705,400 | +7 | 756,117 |
Rutherford County | 182,023 | +44 | 262,604 | +30 | 341,000 | +24 | 422,589 |
Wilson County | 88,809 | +28 | 113,993 | +29 | 147,012 | +21 | 177,356 |