2655 Frayser Blvd | Memphis, TN 38127
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- LoopNet Team
2655 Frayser Blvd
Memphis, TN 38127
Walgreens · Retail Property For Sale
Investment Highlights
- Attractive Assumable Financing | Fixed Interest Rate of 3.89% | Just over 3.2 Million of Remaining Balance
- Over 12 years of base term remaining plus nine five-year options
- Zero Landlord Responsibilty
- Sought-after NNN Lease with a Corporate guarantee from Walgreens, an investment-grade tenant
- Strong retail location at a signalized corner with traffic counts over 26,000 VPD, half a mile from Nike's North America Logistics Campus
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.53 AC
Zoning
C-L - Commercial
Parking
50 Spaces (3.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 07-2107-0-0306C | Improvements Assessment | $650,640 |
| Land Assessment | $149,360 | Total Assessment | $800,000 |
PROPERTY TAXES
Parcel Number
07-2107-0-0306C
Land Assessment
$149,360
Improvements Assessment
$650,640
Total Assessment
$800,000
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