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5121 Quince Rd
Memphis, TN 38117
Walgreens · Retail Property For Sale
Investment Highlights
- Long Term Lease - 11+ years remaining with eight (5-year) options to extend. Walgreens executed a lease extension in May 2022
- Corporate Guaranteed - Lease is corporate guaranteed by an investment grade tenant - Walgreens Co. (S&P: BBB)
- Corporate Back Guarantee | Walgreens Boots Alliance S&P “BBB”
- Limited Landlord Responsibilities - Walgreens has a NN lease in place with landlord responsibilities limited to roof and structure
- Low Occupancy Cost - $14.00/SF - Far below the national average
- Firestone Roof Warranty - 9+ Years remaining
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.85 AC
Zoning
C-L
Parking
60 Spaces (4.31 Spaces per 1,000 SF Leased)
Frontage
167’ on Quince Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 06-7042-0-0036 | Improvements Assessment | $807,200 |
| Land Assessment | $102,280 | Total Assessment | $909,480 |
Property Taxes
Parcel Number
06-7042-0-0036
Land Assessment
$102,280
Improvements Assessment
$807,200
Total Assessment
$909,480
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