Walgreens Drug Store
For Sale
Contact for pricing
4680 Poplar Ave, Memphis, TN 38117
Freestanding drug store leased to Walgreens under an absolute NNN structure with a guaranteed remaining term.
Property SizeContact for details
Days on Market141
Property Features for 4680 Poplar Ave
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
48,223 vehicles/day
Building Details
Year Built
2008
Tenancy
Single
Listing Agency:
Deerfield Partners
Listed By:
Art Griffith · License #CA 01400709
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 11:42AM
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 Deerfield Partners
Investment Insights
Based on property information with market context.
Constructed in 2008, the property is occupied by Walgreens under an absolute NNN lease with approximately 11 years of guaranteed term remaining. The lease includes a full Walgreens guaranty and a preferred five-year option structure. The store is located at 4680 Poplar Ave in Memphis, Tennessee, at the signalized Poplar and Perkins intersection, with reported combined traffic of 48,223 VPD.
The surrounding retail corridor includes Whole Foods, Sprouts Market, Lowes, Target, Home Depot, and TJ Maxx, along with additional retailers and restaurants. The property is also identified as a potential 1031 exchange asset.
The surrounding retail corridor includes Whole Foods, Sprouts Market, Lowes, Target, Home Depot, and TJ Maxx, along with additional retailers and restaurants. The property is also identified as a potential 1031 exchange asset.
Key Highlights
- Walgreens occupancy under an absolute NNN lease
- Approximately 11 years of guaranteed term remaining
- Full Walgreens Guaranty
Property Analytics
Property Profile
Current Use
Lease Details
48,223 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,831
Businesses Nearby
512k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Superstores 23%
Apparel 18%
Shops & Services 15%
Target
Superstores
116,292 visits/mo
0.2 miles
Macy's
Apparel
55,562 visits/mo
0.4 miles
Chick-fil-A
Dining
51,786 visits/mo
0.4 miles
Nordstrom Rack
Apparel
31,766 visits/mo
0.3 miles
Chili's Grill & Bar
Dining
22,019 visits/mo
0.3 miles
Demographics for 38117, TN
27,138
Population
12,045
Households
2.3
Avg Household Size
40
Median Age
60%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
2,887
Density / Sq Mi
$93,688
Median Household Income
$52,596
Median Earnings
$1,353
Median Rent
$287,500
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
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Similar Off Market Nearby
- Kroger Pharmacy — 799 Truse Pkwy, Memphis, TN 38117
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- Marla Clark — 799 Truse Pkwy, Memphis, TN 381175354
- Southern Leaf Hemp Co. — 4721 Poplar Ave, Memphis, TN 38117
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding drug store leased to Walgreens under an absolute NNN structure with a guaranteed remaining term.
Where is this drug store located?
The property is located at 4680 Poplar Ave Memphis, TN.
What are key features of this property?
This property features: Walgreens occupancy under an absolute NNN lease; Approximately 11 years of guaranteed term remaining; Full Walgreens Guaranty
