7994 US Highway 51 North | Millington, TN 38053
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7994 US Highway 51 North
Millington, TN 38053
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walgreens Co. - Investment Grade Credit - Absolute Triple-Net (NNN) Lease - Zero Landlord Responsibilities
- Early Lease Extension Candidate Due to Store Performance | Potential to Increase Value Post Close
- Hard Corner Signalized Intersection - Located Along US Hwy 51 | Prime Retail Trade Area
- Strong Reported Sales – Walgreens is reporting $3,000,000 in Annual Sales | Ideal 9.4% Rent To Sales Ratio
- This Walgreens Ranks in Top 24% Nationally & Top 29% in Tennessee (Placer.ai) | Across from Kroger Anchored Shipping Center (1.7 M Visitors Annually)
- Income Tax-Free State - Memphis MSA - Naval Support Activity (NSA) Mid-South Base - Surrounded by Over $300M in New Development Projects
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.81 AC
Zoning
B-2
Frontage
200’ on US-51 N
AMENITIES
- Signalized Intersection
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | M0-115-0-0920 | Improvements Assessment | $648,960 |
| Land Assessment | $286,280 | Total Assessment | $935,240 |
PROPERTY TAXES
Parcel Number
M0-115-0-0920
Land Assessment
$286,280
Improvements Assessment
$648,960
Total Assessment
$935,240
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