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    Covington, TN
    Drug Store

    Covington, TN Drug Stores for Sale

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    Walgreens Absolute NNN Drug Store
    Updated: Apr 11
    Walgreens Absolute NNN Drug Store

    950 Hwy 51 N, Covington, TN 38019

    Contact for pricing
    14,560 sqft 1.82 AC lot
    Walgreens property at 950 Highway 51 North, Covington, Tennessee, built in 2004
    14,560 SF building on 1.82 acres
    Original 75‑year absolute triple‑net (NNN) lease with ~9.5+ years remaining
    Current rent $261,000; lease expires May 31, 2079
    Tenant termination option every five years beginning May 2029 (no landlord responsibilities stated)
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Memphis Retail Building with Drive-Thru
    Memphis Retail Building with Drive-Thru

    3500 Ramill Rd, Memphis, TN 38128

    $900,000
    11,122 sqft 1.84 AC lot

    11,122 SF retail building on 1.84 acres with drive-thru.

    View details
    Hopkinsville Walgreens with Drive-Thru
    Hopkinsville Walgreens with Drive-Thru

    2626 Fort Campbell Blvd, Hopkinsville, KY 42240

    $2,400,000
    11,157 sqft 2.26 AC lot

    11,157 SF Walgreens on 2.26-acre lot with drive-thru.

    View details
    Multi-Use Retail/Office with Drive-Thru
    Multi-Use Retail/Office with Drive-Thru

    1112 W 7th St, Hopkinsville, KY 42240

    $995,000
    4,697 sqft

    Flexible front-and-rear layout with drive-thru service capability and ample on-site parking.

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    Former Walgreens on Summer Avenue
    Former Walgreens on Summer Avenue

    3502 Summer Ave, Memphis, TN 38122

    $1,990,000
    14,392 sqft 1.88 AC lot

    Former Walgreens available on Summer Avenue in Memphis, Tennessee.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Development Land with Road Frontage
    Commercial Development Land with Road Frontage

    493 S HWY 51 S lot: /9, Ripley, TN 38063

    $175,000
    2.61 AC lot

    For-sale commercial land offering approximately 133 feet of road frontage on Hwy 51 and 2.61 acres+/-.

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    Commercial Land in Millington, TN
    Commercial Land in Millington, TN

    4900 CUBA-MILLINGTON Rd, Millington, TN 38053

    $340,000

    Commercial land for sale in Millington, Tennessee.

    View details
    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    N Main St. lot: 1, 2, 3, Madisonville, KY 42431

    $565,000
    2.18 AC lot

    2.18-acre commercial parcel offering substantial road frontage for businesses seeking convenient public access in Madisonville.

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    Commercial Land with Highway 69 Frontage
    Commercial Land with Highway 69 Frontage

    EXIT 299 S AL-69, Dodge City, AL 35077

    $495,000
    2.00 AC lot

    Commercial land near a major interstate exit offers substantial road frontage for retail, office, or service concepts.

    View details

    Covington, TN Drug Stores Market Trends and Statistics

    Explore 1 drug stores for sale in Covington, TN on our real estate platform. These investment opportunities span a total of 14,560 square feet of properties for sale, with an estimated market value of $0.00.

    Sale prices for pharmacies in Covington, TN start at $0.00, averaging $0.00, and reaching up to $0.00 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 2

    Demographics Overview

    Population 16K
    Population Growth (5Y) -1.5%
    Median Household Income $59,957
    College Educated 20.2%

    Taxes & Financing

    Tax Rate (average for all types) 2.97%
    Property Tax per SF $59.62 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Tipton County

    New Delisted

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