Former Drugstore For Sale/Lease

Highlights:

• 11,122 SF Free-Standing Retail Building on 1.84 Acres offering significant flexibility for multi-tenant conversion, owner-user repositioning, or single-tenant backfill
• Signalized Hard-Corner Location with high volume traffic counts boasting 46,253+ VPD providing strong frontage and accessibility along a primary North Memphis corridor
• Drive-Thru Equipped Asset — a rare feature in the submarket that materially expands tenant demand (QSR, medical, financial, specialty retail)
• Strategic Proximity to Major Employment Drivers including Nike’s 2.8M SF North American Logistics Center and Amazon’s 855,000 SF fulfillment facility supporting daytime population density
• Dense 5-Mile Population of 163,000+ Residents with strong workforce demographics and consistent neighborhood retail demand
• Below Replacement Cost Basis opportunity allowing investors to acquire well-located real estate at a discount to new construction costs
• Surrounded by National Retailers including Walgreens, AutoZone, Sonic, Dollar General, and Circle K reinforcing established retail corridor fundamentals
• Flexible Zoning & Site Layout conducive to a variety of commercial retail uses
• Memphis MSA – A National Logistics & Distribution Hub benefiting from FedEx World Hub operations, river, rail, and interstate connectivity that continue to drive regional economic stability

Description:

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