3489 Ramill Road
Spaces
Former Walgreens | 13,370 SF Freestanding Retail Building on Hard Stoplight Corner
KW Commercial is pleased to present the lease opportunity at 3489 Ramill Road — a 13,370 SF freestanding retail building located on a hard stoplight corner at the intersection of Ramill Road and Yale Road in the Raleigh submarket of North Memphis. Formerly occupied by Walgreens, this single-tenant building offers a rare combination of size, visibility, parking, and an existing drive-thru lane that is difficult to replicate in today's market.
The property sits on 1.3 acres with exceptional road frontage — 317 feet along Ramill Road and 224 feet along Yale Road — providing the entire city block of frontage on Yale between Raleigh-Millington Road and Ramill Road. The stoplight-controlled hard corner location maximizes exposure to drive-by traffic and offers convenient ingress and egress from multiple access points.
Property Features
- 13,370 SF freestanding single-tenant building
- Built 1994, masonry construction, fully sprinklered
- 1.3 acre lot with hard corner positioning
- 60 surface parking spaces (4.49 / 1,000 SF — well above retail standard)
- Existing drive-thru lane in place
- Pylon signage and prominent building signage opportunity
- 317 ft frontage on Ramill Rd | 224 ft frontage on Yale Rd
- Suburban location with traffic signal at corner
Lease Terms
- Asking Rent: $9.00 / SF NNN
- CAM: $2.50 / SF
- Lease Type: Triple Net (NNN)
- Available: Immediately
- Tenancy: Single Tenant
- Negotiable lease term
Ideal Uses The building's footprint, parking ratio, and drive-thru infrastructure make it well-suited for a wide range of repurpose opportunities, including pharmacy, urgent care or medical clinic, dollar store, grocery or specialty market, daycare, auto parts retailer, church or house of worship, fitness or training facility, professional office, or general retail. Owner-user opportunities are also encouraged.
Location & Trade Area 3489 Ramill Road is positioned in the heart of the Raleigh trade area in North Memphis, surrounded by dense residential rooftops and complementary neighborhood retail. The intersection of Ramill Road, Yale Road, and Raleigh-Millington Road is a long-established commercial node serving the surrounding community. The property offers easy connectivity to Austin Peay Highway, James Road, and US-51 / Thomas Street, providing efficient access throughout North Memphis and to I-40 / I-240.
Area Demographics (ZIP 38128)
- Population: 43,197
- Total Households: 15,987
- Median Household Income: $47,645
- Average Household Income: $65,286
- Median Age: 32.0 years
Source: U.S. Census Bureau, ACS 2024 5-Year Estimates
Contact Adam Watson | KW Commercial | C: 901-210-6595 | [email protected] Danny Lipsey | KW Commercial | C: 901-484-0494 | [email protected] Office: 901-261-7900 | 775 Ridge Lake Blvd, Suite 400, Memphis, TN 38120
Information deemed reliable but not guaranteed. Lessee to verify all information.
Retail | Single tenant
Building description
Former Walgreens | 13,370 SF Freestanding Retail Building on Hard Stoplight Corner
KW Commercial is pleased to present the lease opportunity at 3489 Ramill Road — a 13,370 SF freestanding retail building located on a hard stoplight corner at the intersection of Ramill Road and Yale Road in the Raleigh submarket of North Memphis. Formerly occupied by Walgreens, this single-tenant building offers a rare combination of size, visibility, parking, and an existing drive-thru lane that is difficult to replicate in today's market.
The property sits on 1.3 acres with exceptional road frontage — 317 feet along Ramill Road and 224 feet along Yale Road — providing the entire city block of frontage on Yale between Raleigh-Millington Road and Ramill Road. The stoplight-controlled hard corner location maximizes exposure to drive-by traffic and offers convenient ingress and egress from multiple access points.
Property Features
- 13,370 SF freestanding single-tenant building
- Built 1994, masonry construction, fully sprinklered
- 1.3 acre lot with hard corner positioning
- 60 surface parking spaces (4.49 / 1,000 SF — well above retail standard)
- Existing drive-thru lane in place
- Pylon signage and prominent building signage opportunity
- 317 ft frontage on Ramill Rd | 224 ft frontage on Yale Rd
- Suburban location with traffic signal at corner
Lease Terms
- Asking Rent: $9.00 / SF NNN
- CAM: $2.50 / SF
- Lease Type: Triple Net (NNN)
- Available: Immediately
- Tenancy: Single Tenant
- Negotiable lease term
Ideal Uses The building's footprint, parking ratio, and drive-thru infrastructure make it well-suited for a wide range of repurpose opportunities, including pharmacy, urgent care or medical clinic, dollar store, grocery or specialty market, daycare, auto parts retailer, church or house of worship, fitness or training facility, professional office, or general retail. Owner-user opportunities are also encouraged.
Location & Trade Area 3489 Ramill Road is positioned in the heart of the Raleigh trade area in North Memphis, surrounded by dense residential rooftops and complementary neighborhood retail. The intersection of Ramill Road, Yale Road, and Raleigh-Millington Road is a long-established commercial node serving the surrounding community. The property offers easy connectivity to Austin Peay Highway, James Road, and US-51 / Thomas Street, providing efficient access throughout North Memphis and to I-40 / I-240.
Area Demographics (ZIP 38128)
- Population: 43,197
- Total Households: 15,987
- Median Household Income: $47,645
- Average Household Income: $65,286
- Median Age: 32.0 years
Source: U.S. Census Bureau, ACS 2024 5-Year Estimates
Contact Adam Watson | KW Commercial | C: 901-210-6595 | [email protected] Danny Lipsey | KW Commercial | C: 901-484-0494 | [email protected] Office: 901-261-7900 | 775 Ridge Lake Blvd, Suite 400, Memphis, TN 38120
Information deemed reliable but not guaranteed. Lessee to verify all information.
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