11511 Us-51 Atoka, TN 38004

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.