Drug Store
2655 Frayser Blvd
2655 Frayser Blvd, Memphis, TN 38127
Listing Price: $6,750,000
Cap Rate
5.60%
Tenant Name
Walgreens
Years Remaining On Lease
12.1
Gross SF
14,550
Guarantor
Corporate Guarantee
Rentable SF
14,550
Price/Gross SF
$463.92
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.99
Investment Overview
Marcus & Millichap is pleased to present to market a NNN Lease Walgreens located at 2655 Frayser Blvd in Memphis, Tennessee.
2655 Frayser Blvd
Investment Highlights
- Attractive Assumable Financing | Fixed Interest Rate of 3.89% | Just over 3.2 Million of Remaining Balance
- Sought-after NNN Lease with a Corporate guarantee from Walgreens, an investment-grade tenant
- Over 12 years of base term remaining plus nine five-year options
- Strong retail location at a signalized corner with traffic counts over 26,000 VPD, across from a Kroger-anchored shopping center, adjacent to a McDonald's, and less than a mile from Nike's North America Logistics Campus.
- Zero Landlord Responsibility
Listing Price: $6,750,000
Cap Rate
5.60%
Tenant Name
Walgreens
Years Remaining On Lease
12.1
Gross SF
14,550
Guarantor
Corporate Guarantee
Rentable SF
14,550
Price/Gross SF
$463.92
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.99
Investment Highlights
- Attractive Assumable Financing | Fixed Interest Rate of 3.89% | Just over 3.2 Million of Remaining Balance
- Sought-after NNN Lease with a Corporate guarantee from Walgreens, an investment-grade tenant
- Over 12 years of base term remaining plus nine five-year options
- Strong retail location at a signalized corner with traffic counts over 26,000 VPD, across from a Kroger-anchored shopping center, adjacent to a McDonald's, and less than a mile from Nike's North America Logistics Campus.
- Zero Landlord Responsibility
Investment Overview
Marcus & Millichap is pleased to present to market a NNN Lease Walgreens located at 2655 Frayser Blvd in Memphis, Tennessee.
