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7994 US Highway 51 North
Millington, TN 38053

$3,534,000 USD

Drugstore For Sale  •  14,560 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,560 SF
  • Lot Size 1.81 AC
  • Building Class B
  • Year Built 2003
  • Tenancy Single
  • Zoning B-2
0 Transit Score
65 Walk Score

Highlights

Walgreens Co. - Investment Grade Credit - Absolute Triple-Net (NNN) Lease - Zero Landlord Responsibilities
Strong Reported Sales – Walgreens is reporting $3,000,000 in Annual Sales | Ideal 9.4% Rent To Sales Ratio
Early Lease Extension Candidate Due to Store Performance | Potential to Increase Value Post Close
This Walgreens Ranks in Top 24% Nationally & Top 29% in Tennessee (Placer.ai) | Across from Kroger Anchored Shipping Center (1.7 M Visitors Annually)
Hard Corner Signalized Intersection - Located Along US Hwy 51 | Prime Retail Trade Area
Income Tax-Free State - Memphis MSA - Naval Support Activity (NSA) Mid-South Base - Surrounded by Over $300M in New Development Projects

Amenities

  • Signalized Intersection
  • Drive Thru
  • Monument Signage

Public Transportation

AirportDriveWalkDistance
Memphis International 35 min - 25.7 mi
Ryan Bennett 760-448-2449 Lee & Associates
Ryan Bennett 760-448-2449 Lee & Associates