5856-5880 Summer Ave - Service Station FOR SALE


Memphis, TN 38134- Bartlett
$2,091,000 USD
972-755-5209
5856-5880 Summer Ave, Memphis, TN for Sale
$2,091,000 USD
Service Station - FOR SALE
1/4
null | 5.5% Cap Rate

5856-5880 Summer Ave
Memphis, TN 38134
Bartlett


HIGHLIGHTS

  • Corporate Ground Lease with 7.9 Years Remaining
  • High-Performing Murphy USA – 524,000 Annual Visits, 86th Percentile Nationally (Placer.ai)
  • Prime Signalized Hard-Corner Location with 52,773 Vehicles per Day
  • Strong Demographics – 191,880 Residents & 209,828 Daytime Population (5-Mile Radius)
  • $69.4 Million Summer Avenue Widening Project
  • Proximity to $5.6 Billion Blue Oval City Development

OVERVIEW

Offered for sale is the opportunity to acquire a ground lease Murphy USA in Memphis, TN. The property consists of a 3,468-square-foot, freestanding building that sits on approximately 0.67 acres of land. There are 7.9 years remaining on the lease with 7.5 percent rental increases every five years.

FOR SALE DETAILS

PRICE

$2,091,000 USD

PRICE/SF

$774 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Murphy's Express

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

C-H

APN/PARCEL ID

08-8046-0-0043,08-8046-0-0059

ASK ABOUT THIS PROPERTY

Jake StammenMarcus & MillichapMore Info
972-755-5209

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Jake StammenMarcus & MillichapMore Info
972-755-5209

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.