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Listing Detail
Walgreens, Memphis, TN
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Investment Highlights
Sought-after NNN lease with a corporate guarantee from Walgreens, an investment-grade tenant
Over 12 years of base term remaining plus nine five-year options
Attractive assumable financiang available | 3.89% Rate | ~ $3.2 Million Remaining
Strong retail location at a signalized corner with traffic counts over 26,000 VPD, across from a Kroger-anchored shopping center, adjacent to a McDonald’s, and less than a mile from Nike’s North America Logistics Campus
Zero Landlord Responsibility
Walgreens
Memphis, TN
Type: Net Lease
Tenant: Walgreens
List Price: $6,750,000
Lease Type: Absolute Net
Price/SF: $464
Cap Rate: 5.60%
Investment Overview
Exclusively listed by
David O'Keefe
First Vice President Investments
License: CA 01928739
(424) 405-3844
David.O'Keefe@MarcusMillichap.com
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