This exceptional investment opportunity presents a fee-simple ownership of a 7,225 square-foot O'Reilly Auto Parts retail building in Atoka, Tennessee. The property, built in 2016, sits on a 0.16-acre lot with 27 parking spaces and boasts a 100% occupancy rate under a corporate-guaranteed NNN lease with 11.4 years remaining. The lease, commencing May 26, 2016, and expiring April 30, 2036, includes four 5-year renewal options with 6% rent increases at the start of each option period, providing built-in inflation protection and consistent NOI growth. The current NOI is $91,200, yielding a 6.15% cap rate at an asking price of $1,483,000 ($205.26/sq ft). The property is zoned for general commercial use and enjoys a prime location on US-51, a major retail thoroughfare with high visibility and significant street-facing signage. Its proximity to Memphis, TN, and surrounding amenities like Kroger, Walgreens, and fast-food restaurants, ensures a strong customer base. The 5-mile trade area encompasses a population exceeding 28,900 residents and 3,700 employees, with an average household income of $104,431. Landlord responsibilities are minimal, limited to roof maintenance, with the tenant responsible for CAM, taxes, and insurance. This presents a low-management, high-return investment opportunity with a strong, creditworthy tenant. The property's APN is 084111G B 00300.
Property Details
for 11511 Us-51
Property type
Retail properties, Auto shops
Square Feet
7,225 SF
Year Built
2016
Lot Size (sq. ft)
6,970 SF
Location Insight
City
Atoka
County
Tipton
State
Tennessee
Latitude
35.4436521
Longitude
-89.7910475
11511 Us-51, Atoka, Tennessee
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Contacts
Britt Raymond
Kyle Fant
Matthew Mousavi
Visit Broker Website
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11511 Us-51, Atoka, Tennessee, 38004
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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11511 Us-51
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