1532 Bonnie Ln Memphis, TN 38016

This exceptional investment opportunity presents a 9,500-square-foot auto shop and storefront located at 1532 Bonnie Ln, Memphis, TN 38016. Built in 2021, the property sits on a 1.6-acre lot and boasts 100% occupancy with a strong, corporately guaranteed lease featuring annual rental escalations and a significant term remaining. The lease includes a collision right with a 2% annual increase, currently at 8 years remaining. The property operates under a modified NNN lease structure, minimizing landlord responsibilities to roof, structure, and HVAC. The property's strong financial performance is reflected in its $120,360 net operating income (NOI) and an asking price of $1,505,000, resulting in an attractive 8.00% capitalization rate. The location benefits from high traffic counts on Germantown Pkwy (44,752 vehicles daily) and convenient access via a lighted intersection with Bonnie Ln. Furthermore, the property enjoys a strong demographic presence, situated near a substantial retail corridor with over 500,000 square feet of retail space and a large population within a 3-mile (61,225) and 5-mile (146,261) radius. This turnkey investment offers a compelling combination of strong cash flow, a desirable location, and a secure lease structure.