For Sale

Walgreens | Memphis, TN

Asking Price: $4,360,000 | Cap Rate: 8%

  • Net Operating Income: $349,103
  • Weighted Avg. Lease Term (WALT): 8.7 Years
  • Lease Type: Absolute Net

Property Highlights

  • Well above average store sales - $4,265,000 reported in 2017
  • Residual value in roughly 2/3 acre of developable land
  • Strong real estate fundamentals at a high-traffic, signalized corner
  • Over 8 years of term remaining