296 Adams Ave
Memphis, TN 38103
ABRA Auto Body & Glass · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 1.24 AC |
| Rentable Building Area | 40,102 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2018 |
| Parking Ratio | 1.68/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 4 |
AMENITIES
- Bus Line
- Fenced Lot
- Security System
- Signage
- Skylights
UTILITIES
- Lighting
ABOUT 296 ADAMS AVE , MEMPHIS, TN 38103
This is an excellent opportunity to purchase a renovated investment property for $5,687,500 at 6.50% cap rate, with a new 15 year lease. This lease includes rent increases every 5 years and in each of two 5-year options. ABRA Auto Body & Glass operates 363 company-owned and franchised shops in 26 states.
PROPERTY TAXES
| Parcel Number | 00-2032-0-0006C | Improvements Assessment | $1,078,640 |
| Land Assessment | $263,880 | Total Assessment | $1,342,520 |
ZONING
| Zoning Code | CBD |
