Walgreens - New Salem Hwy, Murfreesboro, TN
NNN Walgreens in the fast growing area of Nashville
Marketing description
Centennial Retail Services is pleased to present an excellent opportunity to acquire a Walgreens Pharmacy located in one of the fastest growing markets in the Nashville, middle Tennessee MSA. The property is located at 2708 New Salem RD, Murfreesboro, TN and features an absolute NNN lease with Zero Landlord responsibilities. 7.5 years remain on the original 25 year lease term. With options, the lease goes through July 31, 2083.
This property benefits investors by being located in a No state income tax state giving owners an extra yield. Over the next 5-years the immediate trade area is projected to continue to explode in growth. The population growth is projected to increase by over 15%. There is lots of new development going up around the property and New Salem Hwy. Adjacent to the property is a Publix anchored shopping center, McDonalds, Taco Bell and a new medical office building anchored by St Thomas Health.
The passive income investment opportunity consist of the fee simple ownership interest in the property. The building is 14,280 square feet, and the parcel is 2.49 acres. The property sits at a signalized intersection serving two new residential communities. The traffic count is 15,693 vpd.
Investment highlights
Directly across the street from St Thomas Medical Partners.
7.5 years of primary term remaining on an absolute NNN lease.
Established location / Signalized intersection and strong traffic
15% projected growth rate over the next 5 years
No Income Tax State
Large Parcel at 2.49 acres
74 parking spaces / 5.26 per 1,000 sf ratio
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