104 Hwy 52 W - Drug Store FOR SALE
Portland, TN 37148 |
$2,445,400 USD
404-504-7900
104 Hwy 52 W
Portland, TN 37148
HIGHLIGHTS
- Absolute NNN Lease | Recently-Extended Through 2038 | Eleven, 5-Year Renewal Options
- Located at the Signalized Interchange of TN-52 (12,878 VPD) and South Broadway (20,834 VPD)
- Top Visited Location | #1 Walgreens Location Within a 15-Mile Radius (Placer.ai)
- Surrounded by Retail Synergies | Tractor Supply Co., Food Lion, Family Dollar, Dollar General, Ace Hardware, O'Reilly Auto Parts, etc.
- Within a Heavy Industrial Corridor (7.6 MSF)
- Nashville MSA Advantage (MSA Population: 2.19M+)
OVERVIEW
CBRE is pleased to offer for sale the 12,500-square-foot Walgreens positioned on 1.10 acres in Portland, TN -- part of the Nashville MSA (MSA Population: 2.19M+). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.
FOR SALE DETAILS
PRICE
$2,445,400 USD
PRICE/SF
$196 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens: Portland, TN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
51
LAND DETAILS
CROSS STREETS
Jackson Rd
LAND ACRES
1.1 AC
LAND SF
47,916 SF
ZONING
C-2
APN/PARCEL ID
033I-C-004.00
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
404-504-7900
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
404-504-7900
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
