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3515 Park Ave
Memphis, TN 38111 Audubon Park

$3,241,350 USD

Drugstore For Sale  •  15,435 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 15,435 SF
  • Lot Size 1.79 AC
  • Building Class B
  • Year Built 2003
  • Tenancy Single
  • Zoning C-L
30 Transit Score
60 Walk Score

Highlights

Walgreens will be paying $16.80/sf in rent after the next increase, which is in line with the local retail market of $16-18/sf.
A nearby Walgreens located 2.3 miles away is scheduled to close on July 21, 2026, with prescription counts being transferred to this location.
According to Placer.AI, the property ranks in the top 25% of Walgreens nationwide.
The property is located a half mile from the University of Memphis main campus, with over 24,000 full-time students and faculty.
The property has 8.5 million square feet of existing retail space within a 3-mile radius.
Located 5.5 miles from Downtown Memphis, the property has 101,000 households within 5 miles, with a population exceeding 245,000.

Amenities

  • Banking
  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley)) 14 min - 7.7 mi
AirportDriveWalkDistance
Memphis International 17 min - 7.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Jason Pongsrikul 619-297-0055 Pharma Property Group- Drugstore Specialists
Jason Pongsrikul 619-297-0055 Pharma Property Group- Drugstore Specialists