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- LoopNet Team
8001 Winchester Rd
Memphis, TN 38125
Proven Walgreens Across from FedEx World HQ · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 8001 WINCHESTER RD , MEMPHIS, TN 38125
This freestanding, prototypical Walgreens with drive-thru has been operating at this location for 20 years, giving an investor confidence that Walgreens will continue to operate here in perpetuity. Walgreens pays $353,000 in annual NN rent through November 14, 2019, at which time the rent adjusts to $246,000 NN annual rent for remainder of the lease. This Walgreens store is strategically located on the busy corner of Winchester Road (21,518 cars per day) and Hacks Cross Road (27,873 cars per day), with over 49,391 cars per day at the intersection. The property benefits from two points of ingress and egress on a main retail corridor. Caddycorner from the property is FedEx world headquarters corporate campus: eight buildings, 1.1 million square feet, on 89-acres. 3000+ FedEx employees work here. Retailers in the immediate vicinity include: Walmart Supercenter, Lowe’s Home Improvement, Costco Wholesale, Kroger, DICK’S Sporting Goods, Best Buy, Bank of America, Wells Fargo, McDonald’s and many more.
PROPERTY TAXES
| Parcel Number | 08-1084-0-0003C | Improvements Assessment | $373,120 |
| Land Assessment | $426,880 | Total Assessment | $800,000 |
PROPERTY TAXES
