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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.

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

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Drug Store

2655 Frayser Blvd

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.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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