3419 Elvis Presley Blvd - Car Washes FOR SALE


Memphis, TN 38116
$3,365,323 USD
332-345-4222
3419 Elvis Presley Blvd, Memphis, TN for Sale
$3,365,323 USD
Car Washes - FOR SALE
1/2
null | 6.5% Cap Rate

3419 Elvis Presley Blvd
Memphis, TN 38116


HIGHLIGHTS

  • Long-Term Absolute Triple Net (NNN) Lease Over 13 years of term remaining on the initial 20-year lease with zero landlord responsibilities.
  • Attractive Rent Increases The lease will feature scheduled increases of 1.75% annually.
  • Strong Corporate Guarantee

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Car Wash located at 3419 Elvis Presley Blvd, Memphis, TN 38116. The site consists of roughly 3,750 rentable square feet of building space on an estimated 1.2-acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 8/1/2018. The current annual rent is $218,746 and has scheduled increases of 1.75% annually.

FOR SALE DETAILS

PRICE

$3,365,323 USD

PRICE/SF

$897 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

CMU-3

APN/PARCEL ID

07-7010-0-0062

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.