For Sale
Walgreens | Memphis, TN
Asking Price: $9,010,000 | Cap Rate: 5.5%
- Net Operating Income: $495,503
- Weighted Avg. Lease Term (WALT): 15 Years
- Lease Type: Absolute Net
Property Highlights
- Well above average store sales - $4,265,000 reported in 2017
- Rare new 15-year lease, showing strong commitment to the site
- Strong real estate fundamentals at a high-traffic, signalized corner with over 28,000 VPD
- Densely populated area with over 80,000 people within a 3-mile radius