Drug Store

Troy, TN Drug Stores for Sale

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Union City, TN Obion, TN Hornbeak, TN Rives, TN Newbern, TN Kenton, TN Hickman, KY Tiptonville, TN
New Family Dollar Store Investment
Updated: Nov 25, 2025
New Family Dollar Store Investment

511 S Frazier St, Troy, TN 38260

$1,471,300
High Cap Rate: Priced at $1,471,300 with an attractive 8.1% cap rate.
Long‑Term Lease: 10‑year NN lease guaranteed by Family Dollar through January 31, 2034, with renewal options.
New Construction: Built in 2023, minimizing immediate capital expenditure concerns.
Strategic Corner Location: Situated on a ±1.11‑acre corner parcel with high visibility on U.S. Hwy 51 (11,510 VPD).
Recession‑Resilient Tenant: Family Dollar is a proven discount retailer.
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Troy, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Brick Pharmacy Building with Central Air
Brick Pharmacy Building with Central Air

451 Court Street, Wickliffe, KY 42087

$175,000
1,520 sqft 0.16 AC lot

Brick building near the courthouse, built in 2011, with central air, central heating, and public sewer service.

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

3500 Ramill Rd, Memphis, TN 38128

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11,122 sqft 1.84 AC lot

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

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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.

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Former Walgreens on Summer Avenue
Former Walgreens on Summer Avenue

3502 Summer Ave, Memphis, TN 38122

Contact for pricing
14,392 sqft 1.88 AC lot

Former Walgreens available on Summer Avenue in Memphis, Tennessee.

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Troy, TN Drug Stores Market Trends and Statistics

Explore 1 drug stores for sale in Troy, TN on our real estate platform.

Sale prices for pharmacies in Troy, TN average $1,471,300 — 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

Drug stores 1
Grocery and convenience stores 1

Demographics Overview

Population 3,846
Population Growth (5Y) +5.2%
Median Household Income $49,336
College Educated 21.3%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
38260 $1.5M

Total CRE Inventory on Market (SF)

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