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
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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
LINKS
PROPERTY TAXES
Parcel Number | 111C-B-027.00 | Improvements Assessment | $200,560 |
Land Assessment | $118,480 | Total Assessment | $319,040 |
Listing ID: 23931204
Date on Market: 8/18/2021
Last Updated:
Address: 11060 Highway 51 S, Atoka, TN 38004
The Retail Property at 11060 Highway 51 S, Atoka, TN 38004 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.