Northbrook, IL- – May 10, 2016 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 5555 Edmondson Pike in Nashville, Tennessee for $6,926,345.
The 15,680 square foot Walgreens building is strategically located at the signalized intersection of Old Hickory Boulevard and Edmondson Pike. The property features multiple points of ingress and egress and is easily accessible in all directions. The Walgreens is benefitted by its location within a retail destination that features Publix, Kroger, Walmart Neighborhood Market, Fifth-Third Bank, McDonald’s and Starbucks. The surrounding area is densely populated with approximately 70,000 people living within a three mile radius earning average annual household incomes in excess of $85,000.
There are thirteen years remaining on the recently extended Walgreens lease which expires in April 2029. This is a proven Walgreens store with an exceptional sales history and Walgreens operates this location as a 24-hour store. Walgreens is an investment grade rated company with a Standard & Poor’s rating of BBB.