$1,100,000 USD
512-856-7719
4177 Elvis Presley Blvd
Memphis, TN 38116
Whitehaven
HIGHLIGHTS
- Pep Boys has 3 years remaining after recently exercising their first option period, demonstrating a long-term commitment to this site
- Vacant 2,200 SF flex warehouse space provides a value-add opportunity
- Located Less than 1 mile from Graceland
- Strong demographics with a population of over 126,000 people, making an average income of $57,385 within a 5-mile radius
- Pep Boys has 3 additional 5-year tenant renewal options, bringing the potential remaining lease term to over 15 years
- Below replacement cost
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 9,295 SF Pep Boys property located at 4177 Elvis Presley Boulevard in Memphis, TN. The lease includes 3 additional 5-year renewal options, extending the potential remaining term to over 15 years. In addition, the property features a vacant 2,200 SF flex warehouse space, offering a compelling value-add opportunity for future income growth.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
FOR SALE DETAILS
PRICE
$1,100,000 USD
PRICE/SF
$118 USD /SF
CAP RATE
7.31%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pep Boys - Memphis, TN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Dealership
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.45 AC
LAND SF
19,602 SF
ZONING
CMU-3
APN/PARCEL ID
07-7044-0-0016,07-7044-0-0032
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512-856-7719
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512-856-7719
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