STREAM Capital Partners > Properties > All Properties > Walgreens

Walgreens

Net Lease

806 Nissan Drive, Smyrna, Tennessee
Ownership Type:
Fee Simple
Price:
$5,350,000
Cap Rate:
7.34%
Current Rent:
$392,850
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 9.4 years
Renewal Options:
12, Five-year
Building Sq. Ft.:
14,550 SF
Rent Increases:
5% every 5 years
Site Size:
1.91 Acres

Investment Highlights

  • 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.
Ownership Type:
Fee Simple
Price:
$5,350,000
Cap Rate:
7.34%
Current Rent:
$392,850
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 9.4 years
Renewal Options:
12, Five-year
Building Sq. Ft.:
14,550 SF
Rent Increases:
5% every 5 years
Site Size:
1.91 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

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