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Walgreens

6939 E Shelby Dr, Memphis, TN 38141, USA
$7,614,524 5.15% Cap 14,356 sq ft Built 2014 Actual Site Photo Print This Page

Location

6939 E Shelby Dr, Memphis, TN 38141, USA

Price: $7,614,524
Cap Rate: 5.15%
Net Operating Income: $392,148
Square Footage: 14,356
Lot Size: 1.55 AC
Year Built: 2014

100% Fee Simple InterestAbsolute NNN LeaseCorporate GuaranteeLocated on a Major Commercial ThoroughfareSurrounded by Major RetailersTrophy LocationZero Landlord Obligations

The subject property is a 14,356 square foot building, leased to Walgreens in Memphis, TN. Walgreens is subject to a NNN lease which calls for zero landlord responsibilities. The asset is relocation of two existing stores to a superior location with a strong retail presence. This asset sits with anchoring national tenants Walmart Neighborhood Market, Kroger, McDonald’s, Regions Bank, Taco Bell, KFC and many others.

Memphis is a city along the Mississippi River in southwestern Shelby County, Tennessee, United States. Its 2019 estimated population was 651,073, making it Tennessee’s second-most populous city behind Nashville, the nation’s 28th-largest, and the largest city proper situated along the Mississippi River. Greater Memphis is the 42nd-largest metropolitan area in the United States, with a population of 1,348,260 in 2017. The city is the anchor of West Tennessee and the greater Mid-South region, which includes portions of neighboring Arkansas, Mississippi, and the Missouri Bootheel. Memphis is the seat of Shelby County, Tennessee’s most populous county. One of the more historic and culturally significant cities of the southern United States, Memphis has a wide variety of landscapes and distinct neighborhoods.

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