This Retail Property is no longer advertised on LoopNet.com.

11060 Highway 51 S
Atoka, TN 38004

AutoZone - Recent Lease Extension · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Early Extension – AutoZone just recently extended their lease 5-years early
  • Below Market Rent – The subject property is paying just $10.70 / SF. According to CoStar market rent is $13.50 / SF
  • Investment Grade Credit Tenant – AutoZone has an investment grade credit rating of BBB (S&P)
  • Fee Simple Investment – Most AutoZone properties are subject to a ground lease whereas the owner is not able to depreciate the building
  • Income Tax-Free State – Tennessee is one of 7 states without an income tax
  • Memphis Suburb – Atoka is a northern suburb of Memphis with an average household income of $88,000 annually

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
6,450 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.68 AC
Zoning
C
Parking
42 Spaces (6.51 Spaces per 1,000 SF Leased)
Frontage
58 FT on Highway 51 S

AMENITIES

  • Pylon Sign
  • Signage

PROPERTY TAXES

  • Listing ID: 23931204

  • Date on Market: 8/18/2021

  • Last Updated:

  • Address: 11060 Highway 51 S, Atoka, TN 38004