Investment Overview

Marcus & Millichap is pleased to present this single tenant, Absolute Net leased drug store in the city of Nashville, Davidson County, Tennessee. The tenant is Walgreens Boots Alliance (NASDAQ: WBA), the second largest pharmacy store chain in the United States, with over 9,000 stores located in all 50 states including Puerto Rico, the US Virgin Islands, and the District of Columbia. The subject property, Walgreens Pharmacy #10657, was built-to-suit in 2007 with rent commencement occurring July 1, 2007. The property is Absolute Net leased to Walgreen Boots Alliance for 75 years, where the tenant has the opportunity to terminate after June 30, 2032 with one years notice. The building is approximately 14,490 square feet with a land area of 1.69 acres. The price of the property is $6,076,923 at a 6.50% cap with an annual rent of $395,000.