For Sale
Walgreens | Memphis, TN
Asking Price: $5,825,000
| Cap Rate: 5.35%
- Net Operating Income: $312,000
- Weighted Avg. Lease Term (WALT): 11.2 Years
- Lease Type: Ground
Property Highlights
- Corporate guarantee; Investment grade tenant (S&P: BBB)
- Massive, oversized parcel of +/- 2.31 acres leased to Walgreens on a ground lease; zero landlord responsibilities
- Rare, triple drive-thru lanes, enhancing store performance
- Placed in high traffic corridor of Memphis with high traffic counts along Union Ave., which sees approximately 35,149 VPD
