Walgreens - Nashville MSA
7.29% CAP | Strong Retail Corridor
Marketing description
Just two miles north of downtown Columbia, Walgreens is positioned with excellent access and visibility along Nashville Highway (23,220 VPD) also termed U.S. Highway 31, which runs over 1,200 miles from the northern tip of Michigan south to the Gulf Shores in Alabama.
Directly adjacent to Walgreens on either side is Kroger and the Northway Shopping center, which is anchored by Family Dollar. The site is less than a mile from Duck River – the longest river in the state and the most biologically diverse river in North America.
Columbia belongs to the Nashville-Davidson-Franklin MSA (Population: 2 million) as it is just 40 miles southwest of the major city. The biggest industries in the Nashville metropolitan area include Health Care Management, Higher Education, Insurance, Music Production, Technology Manufacturing, and Tourism. The area’s music history and lively culture attract millions of tourists each year.
Investment highlights
Long term corporate lease
Absolute NNN, no Landlord responsibilities
5% rent increases every 5 years
20+ year operating history
Nashville MSA, 40 miles SW from this Walgreens
Projected 5 year population growth of 7.5%
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