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Walgreens Smyrna, TN 1300 Hazelwood Dr 14,500 SF Retail Building Smyrna, TN 37167 $3,918,958 CAD ($270.27 CAD/SF) 7.50% Cap Rate
Investment 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
- Opened in 2008, Walgreens boasts a long-term operating history of 17 years.
- Eleven 5-year options to renew
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,500 SF
Building Class
B
Year Built
2008
Price
$3,918,958 CAD
Price Per SF
$270.27 CAD
Cap Rate
7.50%
NOI
$293,922 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.52 AC
Zoning
C-2
Parking
54 Spaces (3.72 Spaces per 1,000 SF Leased)
Frontage
135’ on Hazelwood Dr
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 033L-F-001.00-000 | Improvements Assessment | $1,259,439 CAD |
| Land Assessment | $427,497 CAD | Total Assessment | $1,686,935 CAD |
Property Taxes
Parcel Number
033L-F-001.00-000
Land Assessment
$427,497 CAD
Improvements Assessment
$1,259,439 CAD
Total Assessment
$1,686,935 CAD
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Walgreens Smyrna, TN | 1300 Hazelwood Dr
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