Walgreens Pharmacy

Highlights:

• Absolute Net Lease | Zero Landlord Responsibilities
• Long Term Operating History | Tenant Has Served This Community for 23+ Years
• Corporate Guarantee | 6.2% Revenue Growth for Fiscal Year Ending 8/31/24 Reaching $147.7 Billion
• Prototype Walgreens Store Format with Drive-Thru & Large Monument Sign
• Hard Corner Signalized Intersection Location - Situated at the Intersection of E. Shelby Drive & Hacks Cross Road, Benefiting from 77,488 Cars Per Day Combined
• 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-Miles radius
• Located Adjacent to Southwind High School - Part of the Shelby County Schools District with a Student Enrollment in Excess of 1,622
• Located within the Income Tax-Free Memphis, Tennessee MSA | 30 Minutes to Downtown Memphis | 20 Minutes from the Memphis International Airport

Description:

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- Located along the Mississippi River in southwestern Shelby County
- 610,919+ residents in the city; 1,340,000+ total residents in the Greater Memphis area
- Greater Memphis spans three states: Tennessee, Mississippi and Arkansas
- #1 largest city situated along the Mississippi River; #2 most populous city in the state
- The largest industries are transportation, warehousing, health care, social assistance, and retail trade
- 42,000 businesses; 637,000 employees
- Over 209,000 employees are in the manufacturing and transportation industries (over 30%)
- Major employers include FedEx (30,000), ServiceMaster (13,000), International Paper (55,000
worldwide), and St. Jude Children’s Hospital (3,700)
- Home of 3 Fortune 500 companies: FedEx, International Paper , and AutoZone
- St. Jude Children’s Hospital – One of the world’s premier pediatric cancer research centers and a multibillion dollar charitable healthcare provider that is instrumental to the growth of the downtown area
- $1.5 billion, 6-year strategic expansion launched in 2015 with plans to add 1,000+ new jobs and a 625,000 square foot advanced research center
- Other major corporate headquarters include Indigo AG, First Horizon National Corp., Mueller Industries, and Thomas & Betts