Walgreens Drug
For Sale
Contact for pricing
Pending
102 Memorial Dr, Paris, TN 38242
Absolute NNN lease with approximately 11 years remaining and 10 additional five-year renewal options.
Property SizeContact for details
Days on Market142
Property Features for 102 Memorial Dr
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
28,000 vehicles/day
Listing Agency:
IEB Real Estate
Listed By:
Andy Heck · License #MO 2017015940
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 8:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IEB Real Estate
Investment Insights
Based on property information with market context.
This Walgreens drug store is leased under an absolute NNN structure, leaving no landlord responsibilities under the stated lease terms. The current term has approximately 11 years remaining, followed by 10 five-year options. Walgreens has operated at the property for more than 22 years, and the lease was recently extended with a corporate-backed guarantee.
The property occupies the signalized intersection of Memorial Drive and Mineral Wells Parkway in Paris, Tennessee, where traffic exceeds 28,000 vehicles per day. The site is less than one mile north of the approved Paris Crossing retail power center, planned at 160,000 SF with retailers including Aldi, Hobby Lobby, TJ Maxx, PetSmart, Ulta, Five Below, and Burlington. A 150-unit apartment project is planned as a later phase, with completion expected by 2029. Starbucks has also received approval for a new building on Mineral Wells Parkway in front of Walmart and facing the property.
The property occupies the signalized intersection of Memorial Drive and Mineral Wells Parkway in Paris, Tennessee, where traffic exceeds 28,000 vehicles per day. The site is less than one mile north of the approved Paris Crossing retail power center, planned at 160,000 SF with retailers including Aldi, Hobby Lobby, TJ Maxx, PetSmart, Ulta, Five Below, and Burlington. A 150-unit apartment project is planned as a later phase, with completion expected by 2029. Starbucks has also received approval for a new building on Mineral Wells Parkway in front of Walmart and facing the property.
Key Highlights
- Walgreens has operated at the property for over 22 years
- Absolute NNN lease with approximately 11 years of base term remaining
- 10, 5‑year options beyond the base term
Property Analytics
Current Use
Lease Details
28,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
230k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 30%
Shops & Services 24%
Home Improvements & Furnishings 21%
Dining 9%
Walmart
Superstores
69,067 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
30,901 visits/mo
0.1 miles
Kroger
Groceries
19,826 visits/mo
0.4 miles
Murphy USA
Shops & Services
17,167 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
13,898 visits/mo
0.2 miles
Demographics for 38242, TN
19,940
Population
9,390
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
175.5 sq mi
ZIP Area
114
Density / Sq Mi
$44,833
Median Household Income
$35,723
Median Earnings
$759
Median Rent
$157,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Walmart Pharmacy — 1210 Mineral Wells Ave, Paris, TN 38242
- GNC — 1150 Mineral Wells Ave, Paris, TN 38242
- CVS — 1119 Mineral Wells Ave, Paris, TN 38242
- Walgreens Pharmacy — 102 Memorial Dr, Paris, TN 38242
- CVS Pharmacy — 1119 Mineral Wells Ave, Paris, TN 38242
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN lease with approximately 11 years remaining and 10 additional five-year renewal options.
Where is this drug store located?
The property is located at 102 Memorial Dr Paris, TN.
What are key features of this property?
This property features: Walgreens has operated at the property for over 22 years; Absolute NNN lease with approximately 11 years of base term remaining; 10, 5‑year options beyond the base term
