| Purchase Price | $4,050,000 |
|---|---|
| Annual Rental Income | $324,000 |
| Cap Rate | 8.00% |
| Lease Term | 7 Years |
| City | Antioch |
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Walgreens – Antioch, TN (Nashville MSA)
This Walgreens Pharmacy located in Antioch, Tennessee offers investors a highly attractive, single-tenant, absolute triple-net (NNN) leased investment opportunity backed by Walgreens Boots Alliance, a Fortune 500 company and one of the most recognizable brands in American retail healthcare. Located in the Nashville MSA—one of the nation’s fastest-growing metro areas—this asset provides a stable, passive income stream supported by strong market fundamentals, long-term tenant credit, and essential-service use.
With zero landlord responsibilities and corporate lease backing, this property is an ideal option for 1031 exchange buyers, institutional capital, family trusts, and passive investors seeking predictable cash flow in a rapidly expanding Sun Belt region. Walgreens’ essential healthcare footprint and the surrounding market dynamics of Antioch make this a strategic, long-term investment.
Tenant Overview – Walgreens Boots Alliance
Walgreens is a subsidiary of Walgreens Boots Alliance (NASDAQ: WBA), a global leader in pharmacy, health, and wellness. The company operates over 8,000 retail locations throughout the United States, providing essential services including prescription fulfillment, over-the-counter medications, immunizations, wellness products, and telehealth integration.
Over the past decade, Walgreens has expanded its role in healthcare through a national partnership with VillageMD and investments in digital healthcare infrastructure. This includes the roll-out of co-located full-service primary care clinics, further embedding the company into local communities and healthcare delivery networks.
As one of the most experienced and creditworthy tenants in the single-tenant net lease space, Walgreens continues to be a top choice for investors seeking long-term security and passive income from essential-use retail properties.
Lease Structure – Absolute Triple-Net (NNN)
The property operates under an absolute triple-net lease with Walgreens, whereby the tenant is responsible for all expenses including real estate taxes, insurance, maintenance, and capital improvements. This structure creates a fully passive ownership experience for investors.
Key lease attributes:
This type of lease structure is ideal for buyers prioritizing low-management investments with stable income and credit-backed security.
Antioch, TN – Nashville MSA Overview
Antioch is a thriving suburb of Nashville located in Davidson County and positioned approximately 12 miles southeast of downtown. Once a quiet residential area, Antioch has transformed into a high-demand, mixed-use corridor experiencing rapid development. Major employers, healthcare institutions, and national retailers have flocked to the area to serve the growing population.
As part of the Nashville Metropolitan Statistical Area (MSA), Antioch benefits from one of the strongest job markets and fastest-growing populations in the United States. The region is home to leading companies in healthcare, tech, education, logistics, and entertainment. Economic development is supported by a business-friendly climate, low taxes, a young workforce, and strong in-migration.
Nashville’s ongoing expansion fuels demand in its outer-ring suburbs like Antioch, where housing starts, medical facilities, retail centers, and schools continue to expand rapidly. This Walgreens location is strategically positioned to benefit from the area’s continued growth and evolving healthcare needs.
Demographics and Economic Drivers
The Walgreens property in Antioch is surrounded by strong demographics and economic fundamentals that drive long-term retail and healthcare demand:
This market profile provides Walgreens with a dense and consistent customer base, repeat traffic from prescription demand, and synergy from surrounding daily-needs retail users.
Site Features and Retail Corridor Positioning
The property is located on a prominent retail corridor with strong traffic counts, signalized access, and excellent visibility. This Walgreens location includes a drive-thru pharmacy, which enhances customer convenience and throughput for both prescriptions and over-the-counter sales.
Site-level features:
Walgreens’ site selection is driven by a combination of dense rooftops, strong retail synergy, healthcare access, and vehicular visibility—all of which are present at this location.
Tenant Credit – Walgreens Boots Alliance
Walgreens Boots Alliance is among the most trusted and stable tenants in the NNN investment space. With over $130 billion in annual revenue and investment-grade credit ratings, the company consistently ranks as a preferred occupant for long-term real estate income strategies.
Tenant credit profile:
Investors benefit from the security of a corporate guarantee backed by one of the nation’s most recognizable healthcare retailers with a proven business model and broad consumer reach.
Investment Highlights
Conclusion
The Walgreens property in Antioch, TN offers investors the opportunity to acquire a fully passive, long-term net lease asset in one of the most active and expanding metro areas in the southeastern United States. With zero landlord responsibilities, an essential-use healthcare tenant, and strategic placement within a booming Nashville suburb, this investment provides a rare combination of income security, growth potential, and credit quality.
Whether you are executing a 1031 exchange, building a family trust portfolio, or looking to diversify into healthcare-aligned retail, this Walgreens location is an excellent fit for stable, credit-backed, recession-resistant income.