1203 Shelby Dr Memphis, TN 38116
High-Performing AutoZone, NNN Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- $2,796,000 asking price for a 32,400 SF AutoZone ground lease in Memphis, TN.
- 13.4 years remaining on a 15-year absolute NNN lease with AutoZone, a Fortune 500 company, at $4.44/SF.
- High-performing AutoZone location, ranked in the top 2% nationally and #4 in Tennessee.
- Excellent location near Graceland, Memphis International Airport, and I-55, with high traffic counts.
- Property is adjacent to a new Starbucks and Foot Locker with signalized access.
- 8% rent bumps every 5 years; four, 5-year lease options.
Property Details for 1203 Shelby Dr
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 32,400 SF
- Year Built
- 2023
- Lot Size (sq. ft)
- 91,040 SF
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.0203552
- Longitude
- -90.0238162
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - High-Performing AutoZone, NNN Lease
- Where is the lifestyle center located?
- The property is located at 1203 Shelby Dr Memphis, TN.
- What is the asking price?
- The asking price for this property is $2,796,000.
- What are key features of this property?
- This property features: $2,796,000 asking price for a 32,400 SF AutoZone ground lease in Memphis, TN.; 13.4 years remaining on a 15-year absolute NNN lease with AutoZone, a Fortune 500 company, at $4.44/SF.; High-performing AutoZone location, ranked in the top 2% nationally and #4 in Tennessee.
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