8035 E Shelby Dr - Drug Store FOR SALE
Memphis, TN 38125 |
$3,662,500 USD
248-702-0288
8035 E Shelby Dr
Memphis, TN 38125
HIGHLIGHTS
- Absolute Net Lease | Zero Landlord Responsibilities
- Long Term Operating History | Tenant Has Served This Community for 23+ Years
- Corporate Guarantee | 6.2% Revenue Growth for Fiscal Year Ending 8/31/24 Reaching 147.7 Billion
- Prototype Walgreens Store Format with Drive-Thru
- Hard Corner Signalized Intersection Location - Situated a the Intersection of E. Shelby Drive & Hacks Cross Road, Benefiting from 77,488 Cars per day
- Dense Affluent Demographics Average Household Incomes are $90,000+ within a 1-Mile Radius, with a Population in Excess of 145,000 People in 5-Mile
FOR SALE DETAILS
PRICE
$3,662,500 USD
PRICE/SF
$253 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
75
LAND DETAILS
LAND ACRES
1.66 AC
LAND SF
72,192 SF
ZONING
AG
APN/PARCEL ID
D0-256-0-0332
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248-702-0288
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248-702-0288
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