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3515 Park Ave
Memphis, TN 38111 Audubon Park

$3,704,400 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

31 Transit Score

77 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.

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 FedEx World Hub is the largest sorting facility in the FedEx global network and employs 30k people locally, revenues exceeding $45 billion.

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 Rail	Drive	Walk	Distance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley))	14 min	-	7.7 mi
Airport	Drive	Walk	Distance
Memphis International	17 min	-	7.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	70
Type:	Surface
Included in Rent:	Yes