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