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5% Incrs Every 5 Yrs | Replaceable Rents 3515 Park Ave 15 435 pi² Commerce de détail Immeuble Memphis, TN 38111 5 020 573 $ CAD (325,27 $ CAD/pi²) 7% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Walgreens will be paying $16.80/sf in rent after the next increase, which is in line with the local retail market of $16-18/sf.
- The property is located a half mile from the University of Memphis main campus, with over 24,000 full-time students and faculty.
- The property has 8.5 million square feet of existing retail space within a 3-mile radius.
- According to Placer.AI, the property ranks in the top 25% of Walgreens nationwide.
- The FedEx World Hub is the largest sorting facility in the FedEx global network and employs 30k people locally, revenues exceeding $45 billion.
- Located 5.5 miles from Downtown Memphis, the property has 101,000 households within 5 miles, with a population exceeding 245,000.
Résumé de l'annonce
We are pleased to market for sale the Walgreens property located at 3515 Park Ave, Memphis, TN 38111 ("The Property"). Walgreens has been operating at this location for 23 years and has 9 years remaining on its lease. The lease offers 5% rental increases every 5 years, and in each of the 12 5-year options. Walgreens will be paying $16.80/sf in rent after the next increase, which is in line with the local retail market of $16-18/sf. Walgreens operates on an absolute triple net lease, which provides for no landlord obligations whatsoever.
According to Placer.AI, the property ranks in the top 25% of Walgreens nationwide. Strategically located 0.5 miles from the University of Memphis, the property benefits from close proximity to the university with over 24,000 students and faculty, generating steady traffic and pharmacy demand. Situated 5.5 miles from Downtown Memphis, the Property benefits from its close proximity to the city’s core and supports 101,000 households and a total population of over 245,000 within a 5-mile radius.
In addition, the property is located 2.5 miles from the FedEx World Hub, the largest sorting facility in FedEx’s global network, employing over 30,000 people locally and generating annual revenues exceeding $45 billion. Positioned within a dense retail corridor, the Property is surrounded by over 8.6 million square feet of existing retail space within a 3-mile radius, with a vacancy rate under 4%.
Listed in conjunction with Brian Brockman, Bang Realty - Tennessee Inc, 513-898-1551, wg@bangrealty.com, TN DRE Lic. 343847.
According to Placer.AI, the property ranks in the top 25% of Walgreens nationwide. Strategically located 0.5 miles from the University of Memphis, the property benefits from close proximity to the university with over 24,000 students and faculty, generating steady traffic and pharmacy demand. Situated 5.5 miles from Downtown Memphis, the Property benefits from its close proximity to the city’s core and supports 101,000 households and a total population of over 245,000 within a 5-mile radius.
In addition, the property is located 2.5 miles from the FedEx World Hub, the largest sorting facility in FedEx’s global network, employing over 30,000 people locally and generating annual revenues exceeding $45 billion. Positioned within a dense retail corridor, the Property is surrounded by over 8.6 million square feet of existing retail space within a 3-mile radius, with a vacancy rate under 4%.
Listed in conjunction with Brian Brockman, Bang Realty - Tennessee Inc, 513-898-1551, wg@bangrealty.com, TN DRE Lic. 343847.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Pharmacie
Taille du bâtiment
15 435 pi²
Classe d’immeuble
B
Année de construction/rénovation
2003/2008
Prix
5 020 573 $ CAD
Prix par pi²
325,27 $ CAD
Taux de capitalisation
7%
Revenu net d’exploitation
351 440 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,20
Taille du lot
1,79 AC
Zonage
C-L
Stationnement
70 places (4,54 places par 1 000 pi² loué)
Façade
Commodités
- Banque
- Ligne d'autobus
- Enseigne sur pylône
- Affichage
- Service au volant
Walk Score®
Très pratique à pied (77)
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 05-8047-0-0034C | Évaluation des bâtiments | 1 047 647 $ CAD |
| Évaluation du terrain | 206 927 $ CAD | Évaluation totale | 1 254 574 $ CAD |
Impôts fonciers
Numéro de lot
05-8047-0-0034C
Évaluation du terrain
206 927 $ CAD
Évaluation des bâtiments
1 047 647 $ CAD
Évaluation totale
1 254 574 $ CAD
(619) 297-0055
x302
Contacts
-
Jason Pongsrikul -
Chris Barry -
Tommy Darcey -
Pharma Property Group- Drugstore Specialists
1 de 7
Vidéos
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Photos
Vue depuis la rue
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Présenté par
5% Incrs Every 5 Yrs | Replaceable Rents | 3515 Park Ave
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