NNN Medical Building Investment

Guardian Pharmacy Center | Memphis, TN

Sands Investment Group is Pleased to Exclusively Offer For Sale the 22,301 SF Guardian Pharmacy Center  NNN Medical Building Investment at 7675 US Hwy 70 in Memphis, Tennessee. This Opportunity Includes 88% Occupied Building With Two Tenants, Both Having Triple Net Leases and No Landlord Responsibilities, Providing For a Unique Investment.

  • Kroger outparcel center in the growing trade area of Bartlett; This location sees over 1 million guests annually
  • Guardian Pharmacy includes drive-thru; Care4Us and Guardian Pharmacy is set to open June 1, 2022
  • 88% occupied with triple net leases
  • Strong tenancy with a weighted average lease term of 5.5 years
  • Also available: 1.28 acres of land to accommodate future development (plans for drive-thru concept), valued at $550,000 ($10/SF)
  • Opportunity to increase NOI with lease up of vacant space
  • Excellent visibility and access along major North/South artery with the parking lot connecting with Kroger
  • Situated NE of Memphis in a suburban setting with a population of over 53,258 residents and average household income of $100,112 within a 3-mile radius
  • Memphis international airport, downtown Memphis, Beale Street and the medical district is just under 30 minutes to the West
  • Memphis is the 2nd most populous city behind Nashville; It is the home of the National Civil Rights Museum; FedEx headquarters and Global Air Hub; and the International Port of Memphis – the 5th busiest inland water port in the U.S.
  • The subject property is located just 30 minutes from the new Ford Electric Truck Plant which will have 6,000 employees and a total of 20,000 jobs for the areas within 50 miles of the site
  • Tennessee is an income tax free state
  • Nearby tenants include: Kroger, Taco Bell, Walgreens, AutoZone Auto Parts, First Citizens National Bank, Sonic Drive-In, Dollar Tree and More

In Cooperation With ParaSell, Inc., A Licensed Tennessee Broker Lic. # 264531 BoR: Scott Reid – Lic. # 347634

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