2041 Whitten Rd 1,546 SF Retail Building Memphis, TN 38133 $1,412,050 ($913.36/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 2022 Development Take 5 Oil Change With 7+ Years Remaining on Primary Term
- Experienced Take 5 Franchisee With 60 Units In Multiple States Including Tennessee, North Carolina, and Mississippi
- Strong Retail Area Including Walmart, AutoZone, Family Dollar, Dollar Tree and Many More Generating Additional Traffic to the Area
- Blended 6.61% Cap Rate Through the Primary Term With the Upcoming 8% Rental Increase in 2027
- Dense 5 Mile Demographics With 185K+ Residents and an Average Household Income of $99,000+
- Located 13 Miles West of Memphis - the Second Largest City in Tennessee With an MSA Population of 1.3M+ Residents
EXECUTIVE SUMMARY
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
In Cooperation With Brian Brockman at Bang Realty-Tennessee Inc | TN #343847 | bor@bangrealty.com | (513) 898-1551
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,546 SF
Building Class
B
Year Built
2022
Price
$1,412,050
Price Per SF
$913.36
Cap Rate
6.25%
NOI
$88,253
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.66 AC
Zoning
Commercial
Frontage
346’ on Whitten Road
NEARBY MAJOR RETAILERS
