1301 Bell Rd - Drug Store FOR SALE


Antioch, TN 37013
$6,000,000 USD
256-520-5000
1301 Bell Rd, Antioch, TN for Sale
$6,000,000 USD
Drug Store - FOR SALE
1/8
null | 5.4% Cap Rate

1301 Bell Rd
Antioch, TN 37013


HIGHLIGHTS

  • Nashville metro
  • Over 39,000 vehicles per day
  • 25 year NNN initial term lease with 10 - 5 year options

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$416 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CL

APN/PARCEL ID

162-00-0-285

ASK ABOUT THIS PROPERTY

Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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