Retail Space
2421 Lebanon Pike Nashville, TN 37214
Details & Description
Price: $7,048,148
    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.
    Property Highlights
    Listing Agents
    Gabriel Britti

    O: 786-522-7017
    gabriel.britti@marcusmillichap.com
    Ronnie Issenberg
    Marcus & Millichap
    O: 786-522-7013
    ronnie.issenberg@marcusmillichap.com
    Ricardo Esteves
    Marcus & Millichap
    O: 786-522-7054
    ricardo.esteves@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    2421 Lebanon Pike

    Nashville, TN 37214

    Walgreens Nashville

    Listing ID: 275828
    • 2421 Lebanon Pike Nashville, TN 37214 | for Sale | Photo 1
    • 2421 Lebanon Pike Nashville, TN 37214 | for Sale | Photo 2
    • 2421 Lebanon Pike Nashville, TN 37214 | for Sale | Photo 3
    2421 Lebanon Pike | for Sale | Thumbnail 1
    2421 Lebanon Pike | for Sale | Thumbnail 2
    2421 Lebanon Pike | for Sale | Thumbnail 3
    Building Size: 14,490 SF
    Lot Size: 1.600 AC
    Land Size: 69,696 SF
    Building $/SF: $486.41
    Land $/SF: $101.13
    Price
    $7,048,148
    Property Highlights
    Investment Grade Credit Tenant, Rated BBB by SP
    Corporate Guarantee Walgreens Boot Alliance
    Absolute NNN Lease No Landlord Responsibilities
    Strong Store Sales - Fee Simple Allowing for Depreciation
    Just a Few Miles from Downtown Nashville
    Tennessee is a No Income Tax Free State
    Description

    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.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Nashville History of Retail Space for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Nashville Area Market Trends

    Listing Demographics for 2421 Lebanon Pike Nashville, TN 37214

    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.

    Demographics Charts
    Demographics Tables

    Common Questions and Answers

    What is the asking price for 2421 Lebanon Pike in Nashville?
    The asking price for 2421 Lebanon Pike is $7,048,148
    What is the building size of this Retail property in Nashville, TN?
    The size of the building/unit at 2421 Lebanon Pike in Nashville is 14,490 square feet
    How much land does the Nashville, TN property at 2421 Lebanon Pike include?
    2421 Lebanon Pike in Nashville includes 1.600 acres of land
    What kind of Retail is the property at 2421 Lebanon Pike?
    The property at 2421 Lebanon Pike Nashville, TN 37214 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 2421 Lebanon Pike in Nashville?
    The population within 1 mile of 2421 Lebanon Pike Nashville, TN 37214 is 4,931 people.
    Who do I contact for questions about 2421 Lebanon Pike?
    You should contact the listing agent, Gabriel Britti, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Closest Commercial Airports

    Airport Distance (mi) Directions
    Nashville International Airport (BNA) 3
    Huntsville International Carl T Jones Field (HSV) 106
    Chattanooga Metropolitan Airport (Lovell Field) (CHA) 114
    Price
    $7,048,148
    Listing Agent
    Listing Co-Agent
    Gabriel Britti - CRE Agent at Marcus & Millichap

    Ronnie Issenberg

    Independent Agent
    Listing Co-Agent
    Gabriel Britti - CRE Agent at Marcus & Millichap

    Ricardo Esteves

    Independent Agent
    More listings from Gabriel Britti
    Featured Local Vendors
    • SUPPORT OUR FREE PLATFORM •
    The below vendors allow us to provide our platform at no cost. Please consider their services when needed.
    • Property Inspection •
    Monument Commercial Inspections logo
    Your Commercial Inspection Experts

    Share
    Other property types near Nashville, TN