8475 Us Highway 64 | Memphis, TN 38133
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- LoopNet Team
8475 Us Highway 64
Memphis, TN 38133
Jiffy Lube · Retail Property For Sale
Investment Highlights
- Absolute NNN Jiffy Lube – 13+ Years Remaining in Primary Term
- Below Market Replaceable Rent – Low Downside Risk
- Excellent Rental Increases – 8% Rent Increases - Every 5 Years – Inflation Resistant
- Ranked #3 out of 27 Jiffy Lube Stores in the State of Tennessee and Top 11% in the Country (Credit Intel - July 2023)
- Largest Jiffy Lube Franchisee in the U.S. – Team Car Care East, LLC - 520+ Locations
- High Traffic - Located on US-64 (60,338+ VPD) - Adjacent to Interstate 40 (76,300 VPD) – Great Ingress/Egress
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,093 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.53 AC
Zoning
CH
Parking
16 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
169 FT on US Highway 64
PROPERTY TAXES
| Parcel Number | 09-2007-0-0059 | Improvements Assessment | $197,800 |
| Land Assessment | $148,040 | Total Assessment | $345,840 |
PROPERTY TAXES
Parcel Number
09-2007-0-0059
Land Assessment
$148,040
Improvements Assessment
$197,800
Total Assessment
$345,840
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