3586 Riverdale
Memphis, TN 38115
Smoothie King · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Attractive Low Rent – Low rents providing potential upside by raising rents in the future.
- Annual Rent Increases – The lease provides 2.00% annual rent increases, providing an investor with quickly growing cash flow and future value
- Located only minutes from the Memphis International Airport, next to many national tenants such as Home Depot, Chick-Fil-A and more
- Tax Benefits – Tennessee is a highly sought-after income tax-free state, increasing overall return for qualifying investors (Consult with your CPA)
- Prime Retail Location – The property sits in prime dense location, between being off busy Interstate 385
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,768 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.39 AC
Zoning
AG
Parking
40 Spaces (22.62 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 09-3500-0-0593 | Improvements Assessment | $152,040 |
| Land Assessment | $46,720 | Total Assessment | $198,760 |
