6116 Quince Rd Memphis, TN 38119

Listing agency Acropolis Commercial Advisors LLC

Listed by Eric Wasserman · License #FL CQ1057427

Source Crexi

Added: Apr 10 Updated: Jul 21 at 5:08AM Checked: Jul 21 at 5:08AM

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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.

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.

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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

FAQs

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.