5653 Mount Moriah Rd | Memphis, TN 38115
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- LoopNet Team
5653 Mount Moriah Rd
Memphis, TN 38115
Retail Property For Sale
Investment Highlights
- SINGLE TENANT MAACO COLLISION REPAIR
- PASSIVE, MANAGEMENT-FREE LEASE
- TEN YEAR LEASE TERM COMMENCED MAY 2021
- PRICED AT $1,061,946 / 5.65% INITIAL CAP RATE
- RENT INCREASES EVERY 5 YEARS
- EXPERIENCED OPERATOR WITH TEN YEARS OF EXPERIENCE AND SEVEN LOCATIONS
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
13,392 SF
Building Class
C
Year Built
1985
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.16 AC
Zoning
CMU-1
Parking
30 Spaces (2.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 07-4090-0-0081 | Improvements Assessment | $173,680 |
| Land Assessment | $88,680 | Total Assessment | $262,360 |
PROPERTY TAXES
Parcel Number
07-4090-0-0081
Land Assessment
$88,680
Improvements Assessment
$173,680
Total Assessment
$262,360
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