1300 Hazelwood Dr - Drug Store FOR SALE


Smyrna, TN 37167- Smyrna/La Vergne
$2,869,707 USD
404-504-7900
1300 Hazelwood Dr, Smyrna, TN for Sale
$2,869,707 USD
Drug Store - FOR SALE
1/6
null | 7.5% Cap Rate

1300 Hazelwood Dr
Smyrna, TN 37167
Smyrna/La Vergne


HIGHLIGHTS

  • Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and currently features ±12.4 years of primary term remaining
  • Eleven 5-year options to renew
  • Opened in 2008, Walgreens boasts a long-term operating history of 17 years.

OVERVIEW

CBRE is pleased to exclusively offer for sale the 14,500-square-foot Walgreens situated on 1.52 acres in Smyrna, TN - a component of the Nashville, TN MSA (Population: 2.19M). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and currently features ±12.4 years of primary term remaining with eleven, 5-year options to renew. Opened in 2008, Walgreens boasts a long-term operating history of 17 years.

FOR SALE DETAILS

PRICE

$2,869,707 USD

PRICE/SF

$198 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Smyrna, TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

C-2

APN/PARCEL ID

033L-F-001.00-000

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.