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Drug Store

Walgreens | Trophy Location | Nashville

2500 Gallatin Ave, Nashville, TN 37206

Listing Price: $7,073,275

Cap Rate
5.25%
Tenant Name
Walgreens
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
14,560
Lease Type
Absolute Net
Rent Per Square Feet
$25.51

Investment Overview

Marcus & Millichap proudly presents an investment opportunity at 2500 Gallatin Ave, Nashville, TN. This 1.67-acre lot is improved with a 14,560 SqFt Walgreens. This property is ideally situated on the signalized intersection of Gallatin and Chester Ave. with over 136 feet of frontage on Gallatin Ave.
Walgreens lease enters its 5 year termination options in September 2028. The lease commenced in March 2003 and the full term expires in September 2078.
The property is located on a continuous retail corridor that extends from Downtown Nashville into Madison, Hendersonville, and Gallatin for over 30 miles. National tenants like Publix, Ace Hardware, Kroger, Dominos, and Subway surround the property. This area of East Nashville is home to wildly celebrated local tenants such as Tower Market Deli, Cobra Bar, The Gallatin Hotel, among many others.
The population exceeds 220,000 within a 5-mile radius with 96,602 households reported in the same area. It is reported that this section of Gallatin Ave experiences 26,220 vehicles per day

Investment Highlights

  • Large 1.67 Acre Signalized Corner Nashville Location
  • East Nashville is One of the Fastest Growing Areas of Nashville
  • Minutes to Downtown
  • Traffic Counts in Excess of 26,000 Cars Per Day
  • Population Exceeds 17,000 Within a 1 Mile Radius

Exclusively Listed By

Financing By

Drug Store

Walgreens | Trophy Location | Nashville

Listing Price: $7,073,275

Cap Rate
5.25%
Tenant Name
Walgreens
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
14,560
Lease Type
Absolute Net
Rent Per Square Feet
$25.51

Investment Highlights

  • Large 1.67 Acre Signalized Corner Nashville Location
  • East Nashville is One of the Fastest Growing Areas of Nashville
  • Minutes to Downtown
  • Traffic Counts in Excess of 26,000 Cars Per Day
  • Population Exceeds 17,000 Within a 1 Mile Radius

Investment Overview

Marcus & Millichap proudly presents an investment opportunity at 2500 Gallatin Ave, Nashville, TN. This 1.67-acre lot is improved with a 14,560 SqFt Walgreens. This property is ideally situated on the signalized intersection of Gallatin and Chester Ave. with over 136 feet of frontage on Gallatin Ave. Walgreens lease enters its 5 year termination options in September 2028. The lease commenced in March 2003 and the full term expires in September 2078. The property is located on a continuous retail corridor that extends from Downtown Nashville into Madison, Hendersonville, and Gallatin for over 30 miles. National tenants like Publix, Ace Hardware, Kroger, Dominos, and Subway surround the property. This area of East Nashville is home to wildly celebrated local tenants such as Tower Market Deli, Cobra Bar, The Gallatin Hotel, among many others. The population exceeds 220,000 within a 5-mile radius with 96,602 households reported in the same area. It is reported that this section of Gallatin Ave experiences 26,220 vehicles per day

Exclusively Listed By

Financing By

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