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Walgreens 8035 E Shelby Dr 14,490 SF Retail Building Memphis, TN 38125 $5,063,406 CAD ($349.44 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Lease | Zero Landlord Responsibilities
- Corporate Guarantee | 6.2% Revenue Growth for Fiscal Year Ending 8/31/24 Reaching 147.7 Billion
- Hard Corner Signalized Intersection Location - Situated a the Intersection of E. Shelby Drive & Hacks Cross Road, Benefiting from 77,488 Cars per day
- Long Term Operating History | Tenant Has Served This Community for 23+ Years
- Prototype Walgreens Store Format with Drive-Thru
- 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
EXECUTIVE SUMMARY
Absolute Net Lease | Zero Landlord Responsibilities
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2002
Price
$5,063,406 CAD
Price Per SF
$349.44 CAD
Cap Rate
8%
NOI
$405,073 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.66 AC
Zoning
AG
Parking
75 Spaces (5.18 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | D0-256-0-0332 | Improvements Assessment | $482,105 CAD |
| Land Assessment | $623,895 CAD | Total Assessment | $1,106,000 CAD |
PROPERTY TAXES
Parcel Number
D0-256-0-0332
Land Assessment
$623,895 CAD
Improvements Assessment
$482,105 CAD
Total Assessment
$1,106,000 CAD
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Walgreens | 8035 E Shelby Dr
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