Walgreens Drug Store
For Sale
Contact for pricing
Pending
4625 Summer Ave, Memphis, TN 38122
Fee-simple land interest accompanies a Walgreens building subject to a ground lease.
Property Size16,060 SF
Lot Size0.67 Acres
Days on Market144
Property Features for 4625 Summer Ave
General Information
Standard status
Pending
Size
16,060 SF
Lot size
0.67 Acres
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
28,000 vehicles/day
Building Details
Year Built
2002
Buildings
1
Tenancy
Single
Listing Agency:
Quantum Real Estate Advisors
Listed By:
Daniel Waszak · License #IL 475153121
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 5:43PM
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 Quantum Real Estate Advisors
Investment Insights
Based on property information with market context.
This Walgreens drug store includes a leasehold interest in a building measuring approximately 16,060 SF, along with fee-simple ownership of roughly 2/3 of an acre. The building was constructed in 2002 and occupies approximately 1.47 acres subject to a ground lease. Walgreens pays ground rent directly to the ground lessor.
The property is positioned at the corner of Summer Avenue and Perkins Road in Memphis, with reported traffic exceeding 28,000 vehicles per day. The surrounding three-mile area includes more than 80,185 residents. The offering combines an operating drug store building with an associated land interest and leasehold structure.
The property is positioned at the corner of Summer Avenue and Perkins Road in Memphis, with reported traffic exceeding 28,000 vehicles per day. The surrounding three-mile area includes more than 80,185 residents. The offering combines an operating drug store building with an associated land interest and leasehold structure.
Key Highlights
- Walgreens drug store building with approximately 16,060 SF
- Fee‑simple interest in roughly 2/3 of an acre
- Building occupies approximately 1.47 acres subject to a ground lease
Property Analytics
Property Profile
Current Use
Lease Details
28,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
273k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Home Improvements & Furnishings 22%
Shops & Services 19%
Groceries 13%
Chick-fil-A
Dining
45,878 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
45,589 visits/mo
0.1 miles
Aldi
Groceries
34,578 visits/mo
0.3 miles
Bank of America
Shops & Services
14,798 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
14,216 visits/mo
0.3 miles
Demographics for 38122, TN
26,432
Population
10,201
Households
2.6
Avg Household Size
33
Median Age
22%
College-Educated
74%
High-School Grad
6.8 sq mi
ZIP Area
3,887
Density / Sq Mi
$45,456
Median Household Income
$32,760
Median Earnings
$1,127
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- THREE CRAZY BRAZILIANS, LLC — 4488 Sequoia Rd, Memphis, TN 38117
- Smoothie King — 4287 Summer Ave #103, Memphis, TN 38122
- Summer Nutrition — 4511 Summer Ave suite 1, Memphis, TN 38122
- Walgreens Pharmacy — 4625 Summer Ave, Memphis, TN 38122
- Thomas Jones — 4625 Summer Ave, Memphis, TN 381224137
Frequently Asked Questions
What type of property is this?
Drug store - Fee-simple land interest accompanies a Walgreens building subject to a ground lease.
Where is this drug store located?
The property is located at 4625 Summer Ave Memphis, TN.
What are key features of this property?
This property features: Walgreens drug store building with approximately 16,060 SF; Fee‑simple interest in roughly 2/3 of an acre; Building occupies approximately 1.47 acres subject to a ground lease
