8454 Tn-3 Millington, TN 38053
Corporate-guaranteed NNN lease, strong returns.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $3,194,000 asking price for a 4,005 SF auto shop in Millington, TN.
- Absolute NNN lease with a corporate guarantee from RaceTrac Petroleum, Inc.
- 100% occupancy with 6.4 years remaining on a 15-year lease, plus 7 five-year options.
- 7.5% rent increases every 5 years throughout the lease term.
- 5.25% cap rate and $167,700 annual NOI.
Property Details for 8454 Tn-3
- Property type
- Retail properties, Auto shops
- Square Feet
- 4,005 SF
- Year Built/Renovated
- 2000/2005
- Lot Size (sq. ft)
- 54,014 SF
Location Insight
- City
- Millington
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.3569105
- Longitude
- -89.8943093
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Corporate-guaranteed NNN lease, strong returns.
- Where is the retail property located?
- The property is located at 8454 Tn-3 Millington, TN.
- What is the asking price?
- The asking price for this property is $3,194,000.
- What are key features of this property?
- This property features: $3,194,000 asking price for a 4,005 SF auto shop in Millington, TN.; Absolute NNN lease with a corporate guarantee from RaceTrac Petroleum, Inc.; 100% occupancy with 6.4 years remaining on a 15-year lease, plus 7 five-year options.
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