Drug Store

Walgreens (Dollar Tree Sub-Leased) | Nashville MSA | Absolute Net Lease | Near 245-Bed Hospital

1500 W Main St, Lebanon (Nashville MSA), TN 37087

Listing Price: $2,600,000

Cap Rate
13.73%
Tenant Name
Dollar Tree Stores, Inc
Years Remaining On Lease
2.30
Gross SF
14,471
Guarantor
Corporate Guarantee
Rentable SF
14,471
Price/Gross SF
$179.67
Lease Type
Absolute Net
Rent Per Square Feet
$24.66

Investment Overview

Lebanon is located in Wilson County, just 25 miles east of Nashville and is apart of the Nashville MSA. Known locally as “Cedar City,” Lebanon is home of the Cracker Barrel and the Nashville Superspeedway. Time Magazine ranked Lebanon as #34 in their 2017 Best Places to Live List. Wilson County has risen to the position of the fastest-growing county is the state, according to recently released census figures.

Investment Highlights

  • Wilson County has Risen to the Position of the Fastest-Growing County is the State of Tennessee and is Ranked #57 Nationally for Growth.
  • Absolute Net Lease (Zero Landlord Responsibilities). Walgreens Obligated to Continue to Pay Rent and Reimburse Expenses for Remainder of Term. Dollar Tree Subleasing Property from Walgreens.
  • Near Several National Retailers including Kmart, Kroger, Tractor Supply, Big Lots, Harbor Freight Tools, Dollar General Market and many more.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner w/ Traffic Counts Exceeding 28k+ VPD.
  • Across from Vanderbilt Wilson County Hospital - The sole provider of both inpatient and outpatient medical services in Wilson County. It is a Two-Campus Facility w/ 245 Beds Employing 200+ Physicians

Exclusively Listed By

Drug Store

Walgreens (Dollar Tree Sub-Leased) | Nashville MSA | Absolute Net Lease | Near 245-Bed Hospital

Listing Price: $2,600,000

Cap Rate
13.73%
Tenant Name
Dollar Tree Stores, Inc
Years Remaining On Lease
2.30
Gross SF
14,471
Guarantor
Corporate Guarantee
Rentable SF
14,471
Price/Gross SF
$179.67
Lease Type
Absolute Net
Rent Per Square Feet
$24.66

Investment Highlights

  • Wilson County has Risen to the Position of the Fastest-Growing County is the State of Tennessee and is Ranked #57 Nationally for Growth.
  • Absolute Net Lease (Zero Landlord Responsibilities). Walgreens Obligated to Continue to Pay Rent and Reimburse Expenses for Remainder of Term. Dollar Tree Subleasing Property from Walgreens.
  • Near Several National Retailers including Kmart, Kroger, Tractor Supply, Big Lots, Harbor Freight Tools, Dollar General Market and many more.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner w/ Traffic Counts Exceeding 28k+ VPD.
  • Across from Vanderbilt Wilson County Hospital - The sole provider of both inpatient and outpatient medical services in Wilson County. It is a Two-Campus Facility w/ 245 Beds Employing 200+ Physicians

Investment Overview

Lebanon is located in Wilson County, just 25 miles east of Nashville and is apart of the Nashville MSA. Known locally as “Cedar City,” Lebanon is home of the Cracker Barrel and the Nashville Superspeedway. Time Magazine ranked Lebanon as #34 in their 2017 Best Places to Live List. Wilson County has risen to the position of the fastest-growing county is the state, according to recently released census figures.

Exclusively Listed By

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