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1301 Bell Rd
Antioch, TN 37013
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Nashville metro
- 25 year NNN initial term lease with 10 - 5 year options
- Over 39,000 vehicles per day
EXECUTIVE SUMMARY
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!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,422 SF
Building Class
B
Year Built
2002
Price
$8,260,680 CAD
Price Per SF
$572.78 CAD
Cap Rate
5.40%
NOI
$446,077 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.30 AC
Zoning
CL - ALLOW FOR APPLICATION AND IMPLEMENTATION OF CHANGES TO SIGNAGE, LANDSCAPING, AND BUILDING MATERIALS TO ACHIEVE INCREMENTAL IMPROVEMENTS TO THE AESTHET
Parking
35 Spaces (2.43 Spaces per 1,000 SF Leased)
Frontage
110’ on Bell Rd
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 162-00-0-285 | Improvements Assessment | $1,433,317 CAD |
| Land Assessment | $319,278 CAD | Total Assessment | $1,752,595 CAD |
PROPERTY TAXES
Parcel Number
162-00-0-285
Land Assessment
$319,278 CAD
Improvements Assessment
$1,433,317 CAD
Total Assessment
$1,752,595 CAD
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