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806 Nissan Dr
Smyrna, TN 37167
Walgreens · Retail Property For Sale

Executive Summary

Long Term Commitment: Absolute NNN lease structure with over 9 years remaining and 12, 5 year options to extend.
Zero Landlord Responsibilities: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors.
Walmart Outparcel: Strategically positioned as an outparcel to a high-performing Walmart Supercenter in Smyrna, the property benefits from exceptional visibility, direct access, and placement within a dominant retail corridor. The immediate area is surrounded by nationally recognized retailers including McDonald’s, Arby’s, Dutch Bros, and Popeyes, driving consistent consumer traffic and supporting long-term tenant demand.
Affluent Surrounding Demographics: The property is located within a strong and established trade area, with average household incomes exceeding $108,000 within a 10-mile radius—supporting a high-spending consumer base and driving sustained tenant performance.
Well-Positioned Hard Corner Location: Situated at a signalized hard corner along Nissan Drive, the property benefits from exceptional visibility, dual access points, and strong traffic exposure with over 45,300+ vehicles per day.
Thriving Nashville MSA Growth: Located within the rapidly expanding Nashville metropolitan statistical area, the property benefits from strong population growth, robust job creation, and continued corporate relocation activity—driving long-term real estate appreciation.
Proximity to Nissan Smyrna Plant: The property is located adjacent to the Nissan Smyrna Vehicle Assembly Plant—one of the largest automotive manufacturing facilities in the United States—employing approximately 8,000+ workers.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2005
Price
$7,389,420 CAD
Price Per SF
$507.86 CAD
Cap Rate
7.34%
NOI
$542,383 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.91 AC
Zoning
C-2
Parking
81 Spaces (5.57 Spaces per 1,000 SF Leased)
Frontage
317’ on Enon Springs Rd

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
034C-A-001.01-000
Land Assessment
$867,062 CAD
Improvements Assessment
$958,221 CAD
Total Assessment
$1,825,283 CAD
  • Listing ID: 39924054

  • Date on Market: 2026-03-26

  • Last Updated:

  • Address: 806 Nissan Dr, Smyrna, TN 37167

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