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    Memphis, TN Drug Stores for Sale

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    Southaven, MS Olive Branch, MS Horn Lake, MS
    Memphis Retail Building with Drive-Thru
    $900,000
    11,122 SF
    Memphis Retail Building with Drive-Thru

    3500 Ramill Rd, Memphis, TN 38128

    11,122 SF retail building on 1.84 acres with drive-thru.
    • High‑traffic location at a signalized hard‑corner intersection (46,000+ vehicles per day)
    • Below‑replacement cost price of $900,000
    • 11,122 SF free‑standing retail building on 1.84 acres with redevelopment potential
    • Rare drive‑thru feature, suitable for various tenants
    • Flexible conversion options: multi‑tenant, owner‑user, or single‑tenant
    Updated: Feb 27
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    Memphis Walgreens Investment Opportunity
    $3,704,400
    15,435 SF
    Memphis Walgreens Investment Opportunity

    3515 Park Ave, Memphis, TN 38111

    Walgreens property for sale with long-term lease and rental increases.
    • Long‑term Walgreens tenancy with 9 years remaining on the lease, providing stable income.
    • Absolute triple net (NNN) lease structure, eliminating landlord responsibilities.
    • Strong Walgreens performance, ranking in the top 25% nationwide according to Placer.AI.
    • Strategic location near the University of Memphis (0.5 miles) with a large student and faculty population (over 24,000).
    • Rental increases of 5% every 5 years, including option periods, ensuring income growth.
    Updated: Feb 10
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    Former Walgreens on Summer Avenue
    $1,990,000
    14,392 SF
    Former Walgreens on Summer Avenue

    Former Walgreens available on Summer Avenue in Memphis, Tennessee.

    3502 Summer Ave, Memphis, TN 38122

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Memphis, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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.

    Hopkinsville Walgreens with Drive-Thru
    $2,400,000
    11,157 SF
    Hopkinsville Walgreens with Drive-Thru

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

    2626 Fort Campbell Blvd, Hopkinsville, KY 42240

    View details
    Multi-Use Retail/Office with Drive-Thru
    $995,000
    4,697 SF
    Multi-Use Retail/Office with Drive-Thru

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

    1112 W 7th St, Hopkinsville, KY 42240

    View details
    C3 Zoned Commercial Building
    $525,000
    4,435 SF
    C3 Zoned Commercial Building

    Commercial building for sale with marijuana dispensary approval.

    5852 Ridgewood Rd, Jackson, MS 39211

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    Walgreens NNN Lease Investment Opportunity
    $5,857,000
    14,550 SF
    Walgreens NNN Lease Investment Opportunity

    NNN leased Walgreens with over 11 years remaining in Jackson.

    310 Meadowbrook Rd, Jackson, MS 39206

    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 Land in Millington, TN
    $340,000
    Commercial Land in Millington, TN

    Commercial land for sale in Millington, Tennessee.

    4900 CUBA-MILLINGTON Rd, Millington, TN 38053

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    Commercial Development Land
    $175,000
    2.61 Acres
    Commercial Development Land

    Build-to-suit site with 133 feet of road frontage on Highway 51 North in Ripley, Tennessee.

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

    View details
    Commercial Land For Sale
    $2,200,000
    Commercial Land For Sale

    Commercial land available for sale on Cantrell Road.

    16912 Cantrell Rd, Little Rock, AR 72223

    View details
    Commercial Land on Highway 72
    $850,000
    0.56 Acres
    Commercial Land on Highway 72

    Corner lot suitable for various commercial uses in Madison.

    8814 Highway 72, Madison, AL 35758

    View details

    Off-Market Properties in Memphis, TN

    Consider similar Off-Market properties in Memphis, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    5247 Airways Blvd
    Individual retail properties
    49,287 SF
    Value Estimation by Request

    5247 Airways Blvd, Memphis, TN 38116

    View details

    Memphis, TN Drug Stores Market Trends and Statistics

    Explore 4 drug stores for sale in Memphis, TN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 40,949 square feet of properties for sale, with an estimated market value of $6,594,400.

    Sale prices for pharmacies in Memphis, TN start at $900,000, averaging $2,198,133, and reaching up to $3,704,400 — 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 149
    Storefront properties 47
    Automotive properties 29
    Auto shops 16
    Showrooms 9

    Demographics Overview

    Population 718K
    Population Growth (5Y) -3.1%
    Median Household Income $61,271
    College Educated 18.4%

    High-Yield Neighborhoods for Investment

    Identify Memphis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    38128 $900K
    38122 $2M
    38111 $3.7M

    Taxes & Financing

    Tax Rate (average for all types) 5.80%
    Property Tax per SF $85.96 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Shelby County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Shelby County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Memphis fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Memphis, TN

    • 38111
    • 38122
    • 38128

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