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