8475 US Highway 64 - Auto Repair FOR SALE
Memphis, TN 38133 |
8475 US Highway 64
Memphis, TN 38133
HIGHLIGHTS
- Absolute NNN Jiffy Lube – 13+ Years Remaining in Primary Term
- Ranked #3 out of 27 Jiffy Lube Stores in the State of Tennessee and Top 11% in the Country (Credit Intel - July 2023)
- Below Market Replaceable Rent – Low Downside Risk
- Largest Jiffy Lube Franchisee in the U.S. – Team Car Care East, LLC - 520+ Locations
- Excellent Rental Increases – 8% Rent Increases - Every 5 Years – Inflation Resistant
- High Traffic - Located on US-64 (60,338+ VPD) - Adjacent to Interstate 40 (76,300 VPD) – Great Ingress/Egress
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Jiffy Lube
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
3093
STORIES
1
YEAR BUILT
2000
SPRINKLERS
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PARKING SPACES
16
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
09-2007-0-0059
