Memphis, TN

Price: $ 4,666,666
CAP Rate: 7.5%
Lease Term Remaining Before Options: 4+ Years
Investment Highlights
  • Income guaranteed by Walgreens Corporation with over 8,900 locations.
  • 20+ year operating history of being a solid performing location with strong front end reported sales volumes that have been trending upwards.
  • Absolute net lease with no landlord responsibilities whatsoever.
Offering Summary

Main Southern Hub forĀ Distribution/Fulfillment Centers

  • Within 7 miles is Memphis International Airport and BNSF Intermodal facility which serves as a major Southern hub for numerous distribution and fulfillment centers including Amazon, Nike, Ford, Frito Lay, Coca Cola, Staples Home Depot and Fed Ex.
  • FedEx Express Global Hub employs over 11,000 people.
  • Memphis International Airport hosts over 4.3 million passengers and transfers over 8.9 billion pounds of cargo annually from the numerous distribution/fulfillment centers in the area.

 

Located on an Infill Signalized Corner with Significant Traffic Counts in Tennessee's 2nd Largest MSA

  • Busy intersection with approximately 54,087 vehicles per day.Ā Ā 
  • One mile south of Hwy. 385 (Ā±151,399 VPD) and two miles southeast of I-240 (Ā±180,699 VPD).
Price: $ 4,666,666
CAP Rate: 7.5%
Lease Term Remaining Before Options: 4+ Years