2041 Whitten Rd - Auto Repair FOR SALE
Memphis, TN 38133 |
$1,412,050 USD
817-980-0512
2041 Whitten Rd
Memphis, TN 38133
HIGHLIGHTS
- 2022 Development Take 5 Oil Change With 7+ Years Remaining on Primary Term
- Blended 6.61% Cap Rate Through the Primary Term With the Upcoming 8% Rental Increase in 2027
- Experienced Take 5 Franchisee With 60 Units In Multiple States Including Tennessee, North Carolina, and Mississippi
- Dense 5 Mile Demographics With 185K+ Residents and an Average Household Income of $99,000+
- Strong Retail Area Including Walmart, AutoZone, Family Dollar, Dollar Tree and Many More Generating Additional Traffic to the Area
- Located 13 Miles West of Memphis - the Second Largest City in Tennessee With an MSA Population of 1.3M+ Residents
OVERVIEW
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Take 5 Oil Change in Memphis, TN. The subject property is a 2022 development and has a blended 6.61% cap rate through the primary term with the upcoming 8% rental increase in 2027. It is located 13 miles west of Memphis.
In Cooperation With Brian Brockman at Bang Realty-Tennessee Inc | TN #343847 | bor@bangrealty.com | (513) 898-1551
FOR SALE DETAILS
PRICE
$1,412,050 USD
PRICE/SF
$913 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Freestanding, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.66 AC
LAND SF
28,750 SF
ZONING
Commercial
APN/PARCEL ID
089-028- -B-00100
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817-980-0512
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817-980-0512
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