Free-Standing Pharmacy Ground
For Sale
Contact for pricing
Pending
6116 Quince Rd, Memphis, TN 38119
Free-standing CVS Pharmacy on a 25-year ground lease with CVS Caremark and no landlord responsibilities for the term.
Property SizeContact for details
Days on Market135
Property Features for 6116 Quince Rd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Acropolis Commercial Advisors LLC
Listed By:
Eric Wasserman · License #FL CQ1057427
Source:
Crexi
Added: Apr 10
Changed: Aug 17
Last Checked: Aug 21 at 4:39PM
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 Acropolis Commercial Advisors LLC
Investment Insights
Based on property information with market context.
The property is a free-standing CVS Pharmacy held under a 25-year ground lease with CVS Caremark that requires no landlord responsibilities. The lease has more than 20 years remaining, with a 21% rental increase in the first option period and 10% increases in each subsequent option period.
Located at the signalized intersection of Quince Road and Ridgeway Road, the site is surrounded by a strong residential area. It is within walking distance of Ridgeway High School, Ridgeway Middle School, Westminster Academy, and the YMCA.
The property is also about one mile from St. Francis Hospital, a 519-bed facility.
Located at the signalized intersection of Quince Road and Ridgeway Road, the site is surrounded by a strong residential area. It is within walking distance of Ridgeway High School, Ridgeway Middle School, Westminster Academy, and the YMCA.
The property is also about one mile from St. Francis Hospital, a 519-bed facility.
Key Highlights
- Free‑standing CVS Pharmacy at 6116 Quince Road, Memphis, TN.
- Subject to a 25‑year ground lease with CVS Caremark requiring no landlord responsibilities for the term.
- More than 20 years remaining on the ground lease; 21% rental increase in the first option period.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 95%
Shops & Services 5%
Baskin-Robbins
Dining
4,622 visits/mo
0.0 miles
Little Caesars Pizza
Dining
3,033 visits/mo
0.0 miles
Camp Bow Wow
Shops & Services
426 visits/mo
0.0 miles
Demographics for 38119, TN
23,997
Population
10,521
Households
2.3
Avg Household Size
39
Median Age
53%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
2,727
Density / Sq Mi
$86,325
Median Household Income
$53,068
Median Earnings
$1,336
Median Rent
$279,100
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
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Similar Off Market Nearby
- Farmer Richard G MD — 1355 Lynnfield Rd #158, Memphis, TN 38119
- CVS Pharmacy — 6116 Quince Rd, Memphis, TN 38119
- First Pharmacy Services of Park Ave — 6005 Park Ave # 630B, Memphis, TN 38119
- East Pharmacy — 6005 Park Ave, Memphis, TN 38119
- CVS — 6116 Quince Rd, Memphis, TN 38119
Frequently Asked Questions
What type of property is this?
Drug store - Free-standing CVS Pharmacy on a 25-year ground lease with CVS Caremark and no landlord responsibilities for the term.
Where is this drug store located?
The property is located at 6116 Quince Rd Memphis, TN.
What are key features of this property?
This property features: Free‑standing CVS Pharmacy at 6116 Quince Road, Memphis, TN.; Subject to a 25‑year ground lease with CVS Caremark requiring no landlord responsibilities for the term.; More than 20 years remaining on the ground lease; 21% rental increase in the first option period.
