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805 Nashville Hwy
Columbia, TN 38401
Walgreens - Nashville MSA · Retail Property For Sale
Investment Highlights
- Long term corporate lease
- 5% rent increases every 5 years
- Nashville MSA, 40 miles SW from this Walgreens
- Absolute NNN, no Landlord responsibilities
- 20+ year operating history
- Projected 5 year population growth of 7.5%
Executive Summary
Just two miles north of downtown Columbia, Walgreens is positioned with excellent access and visibility along Nashville Highway (23,220 VPD) also termed U.S. Highway 31, which runs over 1,200 miles from the northern tip of Michigan south to the Gulf Shores in Alabama.
Directly adjacent to Walgreens on either side is Kroger and the Northway Shopping center, which is anchored by Family Dollar. The site is less than a mile from Duck River – the longest river in the state and the most biologically diverse river in North America.
Columbia belongs to the Nashville-Davidson-Franklin MSA (Population: 2 million) as it is just 40 miles southwest of the major city. The biggest industries in the Nashville metropolitan area include Health Care Management, Higher Education, Insurance, Music Production, Technology Manufacturing, and Tourism. The area’s music history and lively culture attract millions of tourists each year.
Directly adjacent to Walgreens on either side is Kroger and the Northway Shopping center, which is anchored by Family Dollar. The site is less than a mile from Duck River – the longest river in the state and the most biologically diverse river in North America.
Columbia belongs to the Nashville-Davidson-Franklin MSA (Population: 2 million) as it is just 40 miles southwest of the major city. The biggest industries in the Nashville metropolitan area include Health Care Management, Higher Education, Insurance, Music Production, Technology Manufacturing, and Tourism. The area’s music history and lively culture attract millions of tourists each year.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
2005
Price
$6,865,342 CAD
Price Per SF
$471.84 CAD
Cap Rate
7.29%
NOI
$500,455 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.67 AC
Zoning
GCS
Property Taxes
| Parcel Number | 090B-B-039.00 | Improvements Assessment | $793,540 CAD |
| Land Assessment | $522,391 CAD | Total Assessment | $1,315,932 CAD |
Property Taxes
Parcel Number
090B-B-039.00
Land Assessment
$522,391 CAD
Improvements Assessment
$793,540 CAD
Total Assessment
$1,315,932 CAD
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