7994 US-51, Millington, TN 38053

BRAND NEW NNN LEASE: Walgreens’ brand new 15-year NNN lease commenced in February 2025 and features 5% rent increases every 5 years and in each of the twelve, 5-year renewal options.

EXCELLENT ACCESS & VISIBILITY: Located roughly 15 miles northeast of downtown Memphis, Walgreens is positioned on a hard corner at the signalized intersection of Easley Street (5,963 VPD) and US Highway 51 (20,563 VPD), where it is one mile north of Paul Barret Parkway (14,048 VPD) and one mile west of Veterans Parkway (17,961 VPD).

STRATEGIC LOCATION: Walgreens is immediately adjacent to Trustmark Bank and is across from Dollar General, Goodyear Auto Service, State Farm Insurance, and a Kroger-anchored shopping center that is also home to Big Lots, Goodwill, Cato Fashions, Subway, Metro by T-Mobile, Mandarin Wok, and El Toro Taco.

RETAIL & COMMERCIAL CORRIDOR: The property is positioned within Millington’s primary retail and commercial corridor with 2.3 MSF of retail, 1.1 MSF of industrial, and 1,796 multifamily units within a 5-mile radius. Walgreens is less than 2 miles southwest of several large retail developments, including the Forked Mill Commons shopping center (Burlington, Hobby Lobby, T.J. Maxx, ALDI, Ulta Beauty, pOpshelf, Chicken Salad Chick, KFC), Millington Farms shopping center (Bealls, Petco, Ross Dress for Less, Dunham’s Sports, Rack Room Shoes, fi.d.o), Lowe’s Home Improvement, and Walmart Supercenter, among others.

SUBSTANTIAL BUILT-IN CUSTOMER BASE: Walgreens is strategically located within a highly-residential area north of Memphis and is surrounded by 2,223 households within a 1-mile radius, placing a substantial built-in customer base within walking distance of the site. Additionally, the site is a half mile west of Millington Central Middle High School (1,211 students).