695 W Poplar Ave - Auto Repair FOR SALE
Collierville, TN 38017 |
$2,007,700 USD
248-702-0288
695 W Poplar Ave
Collierville, TN 38017
HIGHLIGHTS
- Corporate Guarantee | S&P Credit Rating "BBB" | Ideal Low-Management Investment For a Passive Investor | 11-Years Remaining on 20-Year Lease
- Below Market Rent | Attractive Replaceable/Low Rent ($13.90/SF)
- 25-Year Transferable Roof Warranty Through December 22nd, 2040
- Highly Affluent Demographics: Income In 5 Miles Exceeds $148,000 | Second Highest Earning Zip Code in Memphis MSA
- High Volume Traffic Location & Visibility With Access From W Poplar Ave and Hwy 72 I 32,000 VPD+
- #1 Busiest O'Reilly Auto Parts in the Memphis MSA | 98th Percentile in Tennessee & 95th Percentile Natonwide (Placer.AI)
OVERVIEW
Corporate Guarantee | S&P Credit Rating "BBB" | Ideal Low-Management Investment For a Passive Investor | 11-Years Remaining on 20-Year Lease
Below Market Rent | Attractive Replaceable/Low Rent ($13.90/SF)
Unique All Brick & Metal Construction | Concrete Parking Lot
25-Year Transferable Roof Warranty Through December 22nd, 2040
Upcoming 6% Rent Increase In 2026 & In Each Option Period
FOR SALE DETAILS
PRICE
$2,007,700 USD
PRICE/SF
$260 USD /SF
CAP RATE
5.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
O'Reilly Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
0.95 AC
LAND SF
41,382 SF
ZONING
GC
APN/PARCEL ID
C0-244-A0-0658
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248-702-0288
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248-702-0288
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