8454 New Wilkinsville Rd - Convenience Store FOR SALE
Millington, TN 38053 |
8454 New Wilkinsville Rd
Millington, TN 38053
HIGHLIGHTS
- Corporate RaceTrac Petoleum, Inc. NNN fee simple lease with 10-yrs remaining
- 7.5% rental increases every 5-yrs in the primary lease term & options
- Located at the signalized, hard corner intersection, between Walmart and Lowes anchored centers, with a combined 31,000 vehicles per day
- Surrounded by national/credit tenants such Lowe’s, Ross, Five Below, Tractor Supply, Kroger and the Walmart Supercenter directly across the street
- Fee-simple ownership of a convenience store qualifies for accelerated depreciation (contact a tax advisor)
- No income tax state
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Corporate RaceTrac Fee Simple NNN 7.5% Bumps
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
4005
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
M0-115-0-0878
