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    Drug Store

    Memphis, TN Drug Stores for Sale

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    Southaven, MS Olive Branch, MS Horn Lake, MS Walls, MS Lake, MS Nesbit, MS Piperton, TN Lake Cormorant, MS
    Walgreens NNN Ground Lease
    Updated: Jun 16
    Walgreens NNN Ground Lease

    1863 Union Ave, Memphis, TN 38104

    $4,760,000
    13,963 sqft 2.29 AC lot
    13,963 SF Walgreens on a 2.29‑acre parcel at 1863 Union Avenue, Memphis, TN
    Corporate‑guaranteed NNN ground lease with approximately 49 years remaining through September 2074
    Walgreens (tenant) responsible for all property expenses, maintenance, repairs, taxes, and insurance
    Year built: 1995
    Offered at $5,158,000 with a 6.00% capitalization rate
    View details
    Memphis Retail Building with Drive-Thru
    Updated: Feb 27
    Memphis Retail Building with Drive-Thru

    3500 Ramill Rd, Memphis, TN 38128

    Contact for pricing
    11,122 sqft 1.84 AC lot
    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
    View details
    See hot listings in Memphis

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 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 1 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.

    Retail Drug Store Building
    Retail Drug Store Building

    170 Highway 167 N, Bald Knob, AR 72010

    $849,900
    16,625 sqft

    For sale retail drug store building along Hwy 167 with convenient access from Exit 55.

    View details
    Brick Storefront Property
    Brick Storefront Property

    451 Court St, Wickliffe, KY 42087

    $175,000
    1,520 sqft

    Built in 2011, the property offers a retail-oriented building with prior pharmacy use across from the courthouse.

    View details
    Pharmacy Retail Building
    Pharmacy Retail Building

    409 Court St, Wickliffe, KY 42087

    $149,000
    3,400 sqft

    Former pharmacy property with shelving available and direct positioning across from a courthouse and FCB Bank.

    View details
    Downtown Storefront Building
    Downtown Storefront Building

    118-120 E Main Street, Newbern, TN 38059

    Contact for pricing
    3,740 sqft

    Historic commercial property with space configured for occupancy by multiple businesses.

    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.

    Office/Commercial Land with Building
    Office/Commercial Land with Building

    4900 CUBA-MILLINGTON Rd, Millington, TN 38053

    $340,000

    O zoning accommodates office, retail, dining, and a range of personal and business services.

    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

    5247 Airways Blvd, Memphis, TN 38116

    Estimated value:
    No data
    49,287 sqft
    View details

    Memphis, TN Drug Stores Market Trends and Statistics

    Explore 3 drug stores for sale in Memphis, TN on our real estate platform. These investment opportunities span a total of 25,085 square feet of properties for sale, with an estimated market value of $4,760,000.

    Sale prices for pharmacies in Memphis, TN average $4,760,000 — 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 102
    Storefront properties 72
    Automotive properties 22
    Auto shops 16
    Showrooms 12

    Demographics Overview

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

    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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    Popular Searches in Memphis, TN

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    Most Searched ZIP Codes in Memphis, TN

    • 38104
    • 38128

    Featured Memphis Real Estate Agencies

    Realmo connects you with licensed Memphis CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    KELLER WILLIAMS®
    930 S White Station Rd Memphis, TN 38117
    Phone: 19012617900
    www.kw.com
    Berkshire Hathaway HomeServices Taliesyn Realty
    465 Jack Kramer Drive - Suite 1 Memphis, TN 38117
    Phone: 19014664000
    www.bhhstaliesyn.com
    Coldwell Banker Collins-Maury
    6263 Poplar Ave, Suite 220 Memphis, TN
    Phone: 19012598550

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