5900 Knight Arnold Rd - Drug Store FOR SALE
Memphis, TN 38115 |
5900 Knight Arnold Rd
Memphis, TN 38115
HIGHLIGHTS
- 20+ year operating history of being a solid performing location with strong front end reported sales that have been trending upwards.
- Absolute net lease with no landlord responsibilities whatsoever.
- Over 4 years remaining with 10 (5-year) options to extend.
- Busy intersection with approximately 54,087 vehicles per day.
- Dense residential area with nearly 200,000 residents within a 5-mile radius.
- One mile south of Hwy. 385 (±151,399 VPD) and two miles southeast of I-240 (±180,699 VPD).
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Walgreens NNN 6.65 CAP 20Yr Operating History
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
14490
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
09-3100-0-0158
