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Walgreens 200 W Maplewood Ln 14,700 SF Retail Building Nashville, TN 37207 $3,401,033 CAD ($231.36 CAD/SF) 7.25% Cap Rate



Investment Highlights
- Absolute NNN Lease | Recently-Extended Through 2038 | Eleven, 5-Year Renewal Options
- Surrounded by Retail Synergies | Walmart Supercenter, Lowe's Home Improvement, Rainbow Shops, Dollar Tree, Family Dollar, etc.
- 1-Mile from TriStar Medical Center (353 Beds)
- Excellent Access & Visibility | Signalized Hard Corner Intersection of Maplewood Lane and US-41 (21,450 VPD)
- Primary Retail & Commercial Corridor | 4.2 MSF of Retail, 1.5 MSF of Office, 7.4 MSF of Industrial & 11,318 Multifamily Units within 3-Miles
- Nashville MSA (MSA Population 2.19M+)
Executive Summary
CBRE is pleased to offer for sale the 14,700-square-foot Walgreens positioned on 1.56 acres in Nashville, TN (MSA Population: 2.19M+). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.4 years of primary term remaining with eleven, 5-year options to renew.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,700 SF
Building Class
C
Year Built
2008
Price
$3,401,033 CAD
Price Per SF
$231.36 CAD
Cap Rate
7.25%
NOI
$246,571 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.56 AC
Zoning
CS - Commercial
Parking
73 Spaces (4.97 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 060-04-0-110 | Improvements Assessment | $1,243,847 CAD |
| Land Assessment | $559,561 CAD | Total Assessment | $1,803,408 CAD |
Property Taxes
Parcel Number
060-04-0-110
Land Assessment
$559,561 CAD
Improvements Assessment
$1,243,847 CAD
Total Assessment
$1,803,408 CAD
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Walgreens | 200 W Maplewood Ln
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