5325 Summer Ave - Convenience Store FOR SALE
Memphis, TN 38122 |
5325 Summer Ave
Memphis, TN 38122
HIGHLIGHTS
- Value-Add Opportunity – Circle K has approximately 10 months remaining on its current lease term, with one five-year renewal option
- World Class Tenant – Circle K, the second-largest convenience store chain in the U.S. with approximately 6,800 locations
- Prime Retail Corridor – The property is located in a prime, high-traffic retail corridor near NAPA Auto Parts and Restaurant Depot
- Attractive Rental Increases – Circle K leases typically include 10% rent escalations every five years.
- Freeway Adjacent Location – The property not only benefits from seeing 38,500 VPD directly on Summer Avenue (Highway 64)
- Long Term Operating History – Circle K (formerly MAPCO) will have operated at this location for nearly 40 years as of next year
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Circle K
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Fast Food, Service Station, Supermarket
TOTAL BUILDING SIZE
2199
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
06-8001-0-0031
