Tenant: Walgreens | Smyrna, TN
Premises: 14,550 SF
Renewal Options: 12 x 5 Year Options
Lease Expiration: 8/31/2035
Lease Type: NNN
Rental Increases: 5% Every 5-Years (Including Option Periods)
Sands Investment Group is Pleased to Exclusively Offer For Sale the Single Tenant Walgreens NNN Asset Located at the Signalized Corner of Nissan Drive and Enon Springs Road East in the Heart of Smyrna, TN (Nashville MSA). This Property Has a 13 Year Primary Term and Features Rare 5% Increases Every 5 Years Including at the Beginning of Each of the Twelve (12) Five-Year Option Periods. The Building Includes a Drive-Thru and Sits on 1.91 Acres of Land. The Lease is Guaranteed By Walgreens (S&P: BBB) and This Asset Benefits From a Destination Location as it is an Outparcel to a Walmart Supercenter. Additional Adjacent / Nearby Retailers Bringing Customers to the Location Include Dutch Bros, McDonald’s, Popeyes, Jimmy Johns, Waffle House, Pizza Hut, Sonic Burger and More.
In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Tom Gorman – Lic. TN #370394
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Walgreens (www.walgreens.com) is included in the United States segment of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader serving millions of customers and patients every day, with a 170-year heritage of caring for communities. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and well-being of every community in America. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 9 million customers each day. Walgreens Boots Alliance (NASDAQ: WBA) is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling. A trusted, global innovator in retail pharmacy with approximately 13,000 locations across the U.S., Europe and Latin America, WBA plays a critical role in the healthcare ecosystem. WBA’s purpose is to help people across the world lead healthier and happier lives.